Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) Sees Large Volume Increase – Here’s Why

Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) saw unusually-strong trading volume on Wednesday . Approximately 63,454 shares were traded during mid-day trading, a decline of 13% from the previous session’s volume of 73,120 shares.The stock last traded at $46.07 and had previously closed at $46.06.

Goldman Sachs Access Investment Grade Corporate Bond ETF Stock Up 0.3 %

The firm’s fifty day moving average is $46.38 and its two-hundred day moving average is $46.07.

Hedge Funds Weigh In On Goldman Sachs Access Investment Grade Corporate Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Semmax Financial Advisors Inc. bought a new stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF in the 2nd quarter worth $38,000. Newbridge Financial Services Group Inc. raised its holdings in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 39.0% during the second quarter. Newbridge Financial Services Group Inc. now owns 1,383 shares of the company’s stock valued at $63,000 after purchasing an additional 388 shares during the last quarter. Harbour Investments Inc. bought a new position in Goldman Sachs Access Investment Grade Corporate Bond ETF during the second quarter valued at approximately $133,000. Transcend Capital Advisors LLC purchased a new stake in Goldman Sachs Access Investment Grade Corporate Bond ETF in the second quarter worth approximately $201,000. Finally, Western Financial Corp CA bought a new stake in Goldman Sachs Access Investment Grade Corporate Bond ETF in the 2nd quarter worth approximately $202,000.

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.