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

Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) saw unusually-high trading volume on Tuesday . Approximately 32,468 shares were traded during mid-day trading, a decline of 25% from the previous session’s volume of 43,079 shares.The stock last traded at $45.40 and had previously closed at $45.20.

Goldman Sachs Access Investment Grade Corporate Bond ETF Stock Down 0.2 %

The firm has a 50 day moving average price of $45.50 and a two-hundred day moving average price of $46.12.

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

Several hedge funds and other institutional investors have recently made changes to their positions in GIGB. JPMorgan Chase & Co. increased its stake in Goldman Sachs Access Investment Grade Corporate Bond ETF by 6.3% during the 3rd 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 during the period. Private Advisor Group LLC increased its position in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 34.7% during the third quarter. Private Advisor Group LLC now owns 14,102 shares of the company’s stock worth $667,000 after acquiring an additional 3,630 shares during the last quarter. Newbridge Financial Services Group Inc. lifted its stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 39.0% in the second quarter. Newbridge Financial Services Group Inc. now owns 1,383 shares of the company’s stock worth $63,000 after acquiring an additional 388 shares in the last quarter. Stephens Inc. AR boosted its holdings in Goldman Sachs Access Investment Grade Corporate Bond ETF by 0.7% in the third quarter. Stephens Inc. AR now owns 484,423 shares of the company’s stock valued at $22,923,000 after purchasing an additional 3,275 shares during the last quarter. Finally, White Pine Investment CO grew its stake in Goldman Sachs Access Investment Grade Corporate Bond ETF by 17.7% during the 4th quarter. White Pine Investment CO now owns 166,645 shares of the company’s stock valued at $7,511,000 after purchasing an additional 25,098 shares in the last quarter.

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.