Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) Sees Unusually-High Trading Volume

Shares of Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) saw an uptick in trading volume on Thursday . 358,229 shares were traded during trading, an increase of 455% from the previous session’s volume of 64,590 shares.The stock last traded at $46.98 and had previously closed at $46.86.

Goldman Sachs Access Investment Grade Corporate Bond ETF Trading Up 0.5 %

The company has a 50-day moving average price of $46.06 and a 200-day moving average price of $45.50.

Institutional Trading of Goldman Sachs Access Investment Grade Corporate Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. lifted its position in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 11.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,518,627 shares of the company’s stock valued at $162,912,000 after acquiring an additional 364,980 shares in the last quarter. Manning & Napier Advisors LLC acquired a new stake in Goldman Sachs Access Investment Grade Corporate Bond ETF during the 2nd quarter worth about $10,893,000. UBS Group AG increased its holdings in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 571.8% in the 4th quarter. UBS Group AG now owns 199,325 shares of the company’s stock valued at $9,231,000 after purchasing an additional 169,654 shares during the period. Cetera Investment Advisers increased its stake in Goldman Sachs Access Investment Grade Corporate Bond ETF by 429.4% in the 1st quarter. Cetera Investment Advisers now owns 183,343 shares of the company’s stock valued at $8,395,000 after buying an additional 148,714 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 244.7% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 186,055 shares of the company’s stock valued at $8,520,000 after buying an additional 132,077 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.