Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) Reaches New 1-Year Low – What’s Next?

Shares of Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $44.88 and last traded at $44.88, with a volume of 8611 shares. The stock had previously closed at $45.04.

Goldman Sachs Access Investment Grade Corporate Bond ETF Trading Down 0.2%

The stock has a fifty day moving average of $45.58 and a 200-day moving average of $45.93.

Institutional Trading of Goldman Sachs Access Investment Grade Corporate Bond ETF

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