Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) Sets New 1-Year Low – Time to Sell?

Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) hit a new 52-week low during trading on Wednesday . The stock traded as low as $44.56 and last traded at $44.5550, with a volume of 9433 shares. The stock had previously closed at $44.65.

Goldman Sachs Access Investment Grade Corporate Bond ETF Trading Down 0.7%

The stock has a fifty day simple moving average of $45.04 and a two-hundred day simple moving average of $45.60.

Institutional Trading of Goldman Sachs Access Investment Grade Corporate Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 67,050.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,274,925 shares of the company’s stock valued at $151,465,000 after acquiring an additional 3,270,048 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 45.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,344,399 shares of the company’s stock worth $154,678,000 after purchasing an additional 1,050,239 shares in the last quarter. Valpey Financial Services LLC increased its position in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 4,851.0% in the fourth quarter. Valpey Financial Services LLC now owns 472,577 shares of the company’s stock worth $21,857,000 after purchasing an additional 463,032 shares during the last quarter. EP Wealth Advisors LLC purchased a new stake in Goldman Sachs Access Investment Grade Corporate Bond ETF in the fourth quarter valued at approximately $8,432,000. Finally, Wells Fargo & Company MN lifted its position in Goldman Sachs Access Investment Grade Corporate Bond ETF by 135.2% during the fourth quarter. Wells Fargo & Company MN now owns 200,725 shares of the company’s stock valued at $9,284,000 after purchasing an additional 115,394 shares during the last quarter.

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.