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

Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) saw unusually-strong trading volume on Friday . Approximately 983,175 shares were traded during trading, an increase of 1,106% from the previous session’s volume of 81,511 shares.The stock last traded at $46.7950 and had previously closed at $46.86.

Goldman Sachs Access Investment Grade Corporate Bond ETF Trading Down 0.1%

The company’s fifty day simple moving average is $46.67 and its two-hundred day simple moving average is $46.07.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. LPL Financial LLC lifted its stake in Goldman Sachs Access Investment Grade Corporate Bond ETF by 35.2% in the 1st quarter. LPL Financial LLC now owns 1,902,970 shares of the company’s stock valued at $87,081,000 after buying an additional 495,242 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 5.5% in the third quarter. Envestnet Asset Management Inc. now owns 942,221 shares of the company’s stock worth $43,992,000 after acquiring an additional 48,927 shares during the last quarter. EP Wealth Advisors LLC purchased a new stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF in the first quarter valued at $13,420,000. Cetera Investment Advisers boosted its stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 26.4% during the first quarter. Cetera Investment Advisers now owns 249,204 shares of the company’s stock valued at $11,404,000 after acquiring an additional 51,997 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 0.7% during the second quarter. Allworth Financial LP now owns 199,882 shares of the company’s stock valued at $9,199,000 after acquiring an additional 1,431 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.