Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) Sets New 52-Week Low – What’s Next?

Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) reached a new 52-week low during trading on Tuesday . The stock traded as low as $44.67 and last traded at $44.74, with a volume of 29067 shares changing hands. The stock had previously closed at $44.95.

Goldman Sachs Access Investment Grade Corporate Bond ETF Stock Down 0.0%

The firm’s 50 day moving average is $45.20 and its two-hundred day moving average is $45.69.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GIGB. Northwestern Mutual Wealth Management Co. lifted its stake in Goldman Sachs Access Investment Grade Corporate Bond ETF by 67,050.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,274,925 shares of the company’s stock valued at $151,465,000 after purchasing an additional 3,270,048 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Goldman Sachs Access Investment Grade Corporate Bond ETF by 45.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,344,399 shares of the company’s stock worth $154,678,000 after buying an additional 1,050,239 shares during the last quarter. Valpey Financial Services LLC raised its stake in Goldman Sachs Access Investment Grade Corporate Bond ETF by 4,851.0% in the fourth quarter. Valpey Financial Services LLC now owns 472,577 shares of the company’s stock valued at $21,857,000 after buying an additional 463,032 shares during the period. EP Wealth Advisors LLC acquired a new stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF in the fourth quarter valued at approximately $8,432,000. Finally, Wells Fargo & Company MN lifted its position in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 135.2% in the fourth quarter. Wells Fargo & Company MN now owns 200,725 shares of the company’s stock valued at $9,284,000 after buying an additional 115,394 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.