Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) Sees Large Volume Increase – Time to Buy?

Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) saw an uptick in trading volume on Tuesday . 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 Price Performance

The firm’s 50-day moving average price is $45.49 and its 200-day moving average price is $46.11.

Institutional Investors Weigh In On Goldman Sachs Access Investment Grade Corporate Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of GIGB. Newbridge Financial Services Group Inc. grew its holdings in Goldman Sachs Access Investment Grade Corporate Bond ETF by 39.0% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 1,383 shares of the company’s stock valued at $63,000 after buying an additional 388 shares in the last quarter. Centaurus Financial Inc. bought a new position in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF in the third quarter valued at approximately $263,000. Avidian Wealth Enterprises LLC grew its stake in Goldman Sachs Access Investment Grade Corporate Bond ETF by 26.3% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 5,929 shares of the company’s stock valued at $267,000 after acquiring an additional 1,233 shares in the last quarter. Theory Financial LLC grew its stake in Goldman Sachs Access Investment Grade Corporate Bond ETF by 23.2% during the third quarter. Theory Financial LLC now owns 6,742 shares of the company’s stock valued at $309,000 after acquiring an additional 1,268 shares in the last quarter. Finally, Redwood Investment Management LLC increased its holdings in Goldman Sachs Access Investment Grade Corporate Bond ETF by 10.3% during the 3rd quarter. Redwood Investment Management LLC now owns 7,007 shares of the company’s stock worth $332,000 after acquiring 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.