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

Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) saw unusually-high trading volume on Tuesday . Approximately 287,209 shares traded hands during mid-day trading, an increase of 348% from the previous session’s volume of 64,143 shares.The stock last traded at $45.91 and had previously closed at $45.79.

Goldman Sachs Access Investment Grade Corporate Bond ETF Stock Up 0.9 %

The business has a 50 day moving average price of $46.74 and a two-hundred day moving average price of $45.95.

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

Hedge funds and other institutional investors have recently modified their holdings of the business. Theory Financial LLC raised its holdings in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 23.2% in the 3rd quarter. Theory Financial LLC now owns 6,742 shares of the company’s stock worth $309,000 after purchasing an additional 1,268 shares during the period. OneDigital Investment Advisors LLC bought a new stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF in the 3rd quarter worth approximately $19,604,000. Channel Wealth LLC raised its holdings in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 18.6% in the 3rd quarter. Channel Wealth LLC now owns 181,035 shares of the company’s stock worth $8,567,000 after purchasing an additional 28,430 shares during the period. Maia Wealth LLC raised its holdings in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 6.4% in the 3rd quarter. Maia Wealth LLC now owns 7,296 shares of the company’s stock worth $336,000 after purchasing an additional 439 shares during the period. Finally, Austin Private Wealth LLC raised its holdings in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 2.4% in the 3rd quarter. Austin Private Wealth LLC now owns 45,818 shares of the company’s stock worth $2,168,000 after purchasing an additional 1,068 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.