Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) Sees Strong Trading Volume – Should You Buy?

Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) saw strong trading volume on Wednesday . 38,658 shares were traded during mid-day trading, a decline of 22% from the previous session’s volume of 49,636 shares.The stock last traded at $45.46 and had previously closed at $45.75.

Goldman Sachs Access Investment Grade Corporate Bond ETF Price Performance

The stock’s 50 day simple moving average is $45.34 and its 200 day simple moving average is $45.98.

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 GIGB. JPMorgan Chase & Co. raised its stake in Goldman Sachs Access Investment Grade Corporate Bond ETF by 6.3% in the third quarter. JPMorgan Chase & Co. now owns 170,180 shares of the company’s stock worth $8,053,000 after buying an additional 10,130 shares in the last quarter. White Pine Investment CO increased its position in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 17.7% in the 4th quarter. White Pine Investment CO now owns 166,645 shares of the company’s stock valued at $7,511,000 after acquiring an additional 25,098 shares during the period. Kingsview Wealth Management LLC raised its stake in Goldman Sachs Access Investment Grade Corporate Bond ETF by 2.0% in the 4th quarter. Kingsview Wealth Management LLC now owns 11,359 shares of the company’s stock worth $512,000 after acquiring an additional 226 shares during the last quarter. Executive Wealth Management LLC purchased a new position in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF in the third quarter worth about $50,612,000. Finally, Consolidated Portfolio Review Corp acquired a new position in Goldman Sachs Access Investment Grade Corporate Bond ETF in the 4th quarter worth approximately $437,000.

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.