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

Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) shares saw an uptick in trading volume on Tuesday . 543,914 shares changed hands during trading, an increase of 713% from the previous session’s volume of 66,867 shares.The stock last traded at $45.55 and had previously closed at $45.55.

Goldman Sachs Access Investment Grade Corporate Bond ETF Stock Performance

The stock’s 50 day moving average is $45.40 and its two-hundred day moving average is $45.94.

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

A number of large investors have recently bought and sold shares of GIGB. CFS Investment Advisory Services LLC lifted its stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 2.4% in the third quarter. CFS Investment Advisory Services LLC now owns 19,801 shares of the company’s stock valued at $937,000 after purchasing an additional 472 shares during the period. Kingsview Wealth Management LLC lifted its stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 30.8% in the third quarter. Kingsview Wealth Management LLC now owns 11,133 shares of the company’s stock valued at $527,000 after purchasing an additional 2,623 shares during the period. Centaurus Financial Inc. acquired a new stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF in the third quarter valued at about $263,000. HighTower Advisors LLC lifted its stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 12.1% in the third quarter. HighTower Advisors LLC now owns 65,382 shares of the company’s stock valued at $3,092,000 after purchasing an additional 7,048 shares during the period. Finally, Redwood Investment Management LLC lifted its stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 10.3% in the third quarter. Redwood Investment Management LLC now owns 7,007 shares of the company’s stock valued at $332,000 after purchasing an additional 655 shares during the period.

About Goldman Sachs Access Investment Grade Corporate Bond ETF

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.