Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) Sees Strong Trading Volume – Should You Buy?

Posted by Patrick Bannon on Nov 5th, 2024

Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB – Get Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 287,209 shares changed hands during mid-day trading, an increase of 348% from the previous session’s volume of 64,143 shares.The stock last traded at $45.91 and had previously closed at $45.79.

Goldman Sachs Access Investment Grade Corporate Bond ETF Stock Up 0.3 %

The stock has a fifty day moving average price of $46.78 and a 200-day moving average price of $45.94.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Semmax Financial Advisors Inc. purchased a new position in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF in the 2nd quarter worth about $38,000. Newbridge Financial Services Group Inc. raised its holdings in Goldman Sachs Access Investment Grade Corporate Bond ETF by 39.0% in the second quarter. Newbridge Financial Services Group Inc. now owns 1,383 shares of the company’s stock valued at $63,000 after buying an additional 388 shares during the period. Harbour Investments Inc. acquired a new position in Goldman Sachs Access Investment Grade Corporate Bond ETF during the second quarter valued at approximately $133,000. Transcend Capital Advisors LLC purchased a new stake in Goldman Sachs Access Investment Grade Corporate Bond ETF during the second quarter worth approximately $201,000. Finally, Western Financial Corp CA purchased a new position in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF in the 2nd quarter valued at $202,000.

Goldman Sachs Access Investment Grade Corporate Bond ETF Company Profile

(Get Free Report)

The Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a broad-maturity, USD-denominated, investment-grade corporate bond index selected by operating margin and leverage. GIGB was launched on Jun 6, 2017 and is managed by Goldman Sachs.