Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) Reaches New 52-Week Low – Here’s Why

Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) shares hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as $44.15 and last traded at $44.1410, with a volume of 14808 shares. The stock had previously closed at $44.50.

Goldman Sachs Access Investment Grade Corporate Bond ETF Price Performance

The company has a 50-day moving average price of $44.81 and a 200-day moving average price of $45.43.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in GIGB. Hantz Financial Services Inc. purchased a new stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF in the fourth quarter valued at $30,000. Rogco LP purchased a new stake in Goldman Sachs Access Investment Grade Corporate Bond ETF in the 2nd quarter valued at about $73,000. Parallel Advisors LLC grew its holdings 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 shares of Goldman Sachs Access Investment Grade Corporate Bond ETF during the 1st quarter valued at about $96,000. Finally, Cornerstone Planning Group LLC acquired a new stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF in the first quarter worth approximately $100,000.

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.