Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) saw unusually-high trading volume on Wednesday . Approximately 63,454 shares changed hands during trading, a decline of 13% from the previous session’s volume of 73,120 shares.The stock last traded at $46.07 and had previously closed at $46.06.

Goldman Sachs Access Investment Grade Corporate Bond ETF Stock Performance

The company’s 50-day simple moving average is $46.36 and its 200 day simple moving average is $46.07.

Hedge Funds Weigh In On Goldman Sachs Access Investment Grade Corporate Bond ETF

Several institutional investors have recently bought and sold shares of the business. Transcend Capital Advisors LLC purchased a new stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF in the second quarter valued at $201,000. Cetera Investment Advisers raised its stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 429.4% in the first quarter. Cetera Investment Advisers now owns 183,343 shares of the company’s stock valued at $8,395,000 after acquiring an additional 148,714 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 6.1% in the second quarter. Envestnet Asset Management Inc. now owns 672,437 shares of the company’s stock valued at $30,428,000 after acquiring an additional 38,445 shares during the period. Private Advisor Group LLC raised its stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 34.7% in the third quarter. Private Advisor Group LLC now owns 14,102 shares of the company’s stock valued at $667,000 after acquiring an additional 3,630 shares during the period. Finally, LPL Financial LLC raised its stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 2.1% in the second quarter. LPL Financial LLC now owns 1,413,325 shares of the company’s stock valued at $63,953,000 after acquiring an additional 29,649 shares during the period.

Goldman Sachs Access Investment Grade Corporate Bond ETF Company Profile

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.