Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) Hits New 12-Month Low – Here’s What Happened

Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as $44.56 and last traded at $44.5550, with a volume of 9433 shares traded. The stock had previously closed at $44.65.

Goldman Sachs Access Investment Grade Corporate Bond ETF Price Performance

The business has a 50-day simple moving average of $45.09 and a two-hundred day simple moving average of $45.63.

Institutional Investors Weigh In On Goldman Sachs Access Investment Grade Corporate Bond ETF

Several large investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its holdings in Goldman Sachs Access Investment Grade Corporate Bond ETF by 67,050.4% during 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 in the last quarter. Capital Financial Group Inc. Co. ADV acquired a new position in Goldman Sachs Access Investment Grade Corporate Bond ETF in the fourth quarter worth $3,894,000. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 20.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 192,471 shares of the company’s stock worth $8,902,000 after purchasing an additional 33,167 shares during the last quarter. Corient Private Wealth LLC bought a new stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF during the fourth quarter worth $2,880,000. Finally, Bank of America Corp DE increased its stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 20.4% in the first quarter. Bank of America Corp DE now owns 122,540 shares of the company’s stock valued at $5,612,000 after buying an additional 20,727 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.