Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) Sees Large Volume Increase – Time to Buy?

Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) saw unusually-strong trading volume on Tuesday . Approximately 31,047 shares traded hands during mid-day trading, a decline of 19% from the previous session’s volume of 38,196 shares.The stock last traded at $44.75 and had previously closed at $44.96.

Goldman Sachs Access Investment Grade Corporate Bond ETF Stock Down 0.4 %

The stock’s 50 day moving average price is $45.75 and its two-hundred day moving average price is $46.16.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Semmax Financial Advisors Inc. acquired a new stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF in the second quarter worth $38,000. Newbridge Financial Services Group Inc. lifted its position in Goldman Sachs Access Investment Grade Corporate Bond ETF by 39.0% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 1,383 shares of the company’s stock worth $63,000 after acquiring an additional 388 shares during the last quarter. Centaurus Financial Inc. bought a new stake in Goldman Sachs Access Investment Grade Corporate Bond ETF during the third quarter valued at about $263,000. Theory Financial LLC boosted its holdings in Goldman Sachs Access Investment Grade Corporate Bond ETF by 23.2% during the third quarter. Theory Financial LLC now owns 6,742 shares of the company’s stock valued at $309,000 after acquiring an additional 1,268 shares during the period. Finally, Redwood Investment Management LLC grew its position in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 10.3% in the third quarter. Redwood Investment Management LLC now owns 7,007 shares of the company’s stock valued at $332,000 after purchasing an additional 655 shares during the last quarter.

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.