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

Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) shares saw unusually-high trading volume on Wednesday . Approximately 59,268 shares were traded during mid-day trading, an increase of 37% from the previous session’s volume of 43,193 shares.The stock last traded at $45.36 and had previously closed at $45.51.

Goldman Sachs Access Investment Grade Corporate Bond ETF Trading Down 0.1 %

The stock has a 50 day moving average price of $45.28 and a two-hundred day moving average price of $46.07.

Institutional Trading of Goldman Sachs Access Investment Grade Corporate Bond ETF

A number of institutional investors have recently bought and sold shares of GIGB. Executive Wealth Management LLC purchased a new stake in Goldman Sachs Access Investment Grade Corporate Bond ETF during the 3rd quarter valued at about $50,612,000. OneDigital Investment Advisors LLC acquired a new stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF during the third quarter worth about $19,604,000. Envestnet Asset Management Inc. boosted its position in Goldman Sachs Access Investment Grade Corporate Bond ETF by 16.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 781,930 shares of the company’s stock valued at $35,242,000 after buying an additional 110,305 shares during the last quarter. Susquehanna International Group LLP acquired a new position in Goldman Sachs Access Investment Grade Corporate Bond ETF in the 4th quarter worth approximately $4,444,000. Finally, Citadel Advisors LLC increased its holdings in Goldman Sachs Access Investment Grade Corporate Bond ETF by 583.8% in the 4th quarter. Citadel Advisors LLC now owns 93,335 shares of the company’s stock worth $4,207,000 after buying an additional 79,686 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.