Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) Sets New 12-Month Low – Time to Sell?

Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGBGet Free Report) reached a new 52-week low during trading on Monday . The company traded as low as $44.85 and last traded at $44.87, with a volume of 62406 shares trading hands. The stock had previously closed at $45.06.

Goldman Sachs Access Investment Grade Corporate Bond ETF Trading Down 0.4%

The firm’s 50 day moving average price is $45.50 and its two-hundred day moving average price is $45.88.

Institutional Trading of Goldman Sachs Access Investment Grade Corporate Bond ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. purchased a new stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF during the second quarter worth approximately $28,000. Hantz Financial Services Inc. purchased a new position in Goldman Sachs Access Investment Grade Corporate Bond ETF in the 4th quarter valued at $30,000. Parallel Advisors LLC increased its stake in Goldman Sachs Access Investment Grade Corporate Bond ETF by 4,307.3% in the 1st quarter. Parallel Advisors LLC now owns 1,807 shares of the company’s stock valued at $83,000 after buying an additional 1,766 shares during the period. Western Wealth Management LLC acquired a new position in Goldman Sachs Access Investment Grade Corporate Bond ETF in the 1st quarter valued at $96,000. Finally, Cornerstone Planning Group LLC purchased a new position in Goldman Sachs Access Investment Grade Corporate Bond ETF during the 1st quarter worth $100,000.

About Goldman Sachs Access Investment Grade Corporate Bond ETF

(Get Free Report)

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.

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