Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) Sees Large Volume Increase – Here’s What Happened

Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) shares saw strong trading volume on Tuesday . 32,468 shares traded hands during 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 Trading Down 0.2 %

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. increased its stake in 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 valued at $63,000 after purchasing an additional 388 shares during the last quarter. Centaurus Financial Inc. acquired a new position in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF during the 3rd quarter valued at about $263,000. Theory Financial LLC lifted its holdings in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 23.2% during the 3rd quarter. Theory Financial LLC now owns 6,742 shares of the company’s stock worth $309,000 after acquiring an additional 1,268 shares during the period. Redwood Investment Management LLC boosted its position in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 10.3% in the third 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 last quarter. Finally, Maia Wealth LLC grew its holdings in Goldman Sachs Access Investment Grade Corporate Bond ETF by 6.4% in the third quarter. Maia Wealth LLC now owns 7,296 shares of the company’s stock valued at $336,000 after purchasing an additional 439 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.