Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) Sets New 52-Week Low – What’s Next?

Shares of Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $44.85 and last traded at $44.85, with a volume of 22573 shares changing hands. The stock had previously closed at $44.94.

Goldman Sachs Access Investment Grade Corporate Bond ETF Stock Down 0.3%

The company’s 50 day moving average is $45.42 and its 200-day moving average is $45.83.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. lifted its holdings in Goldman Sachs Access Investment Grade Corporate Bond ETF by 45.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,344,399 shares of the company’s stock valued at $154,678,000 after purchasing an additional 1,050,239 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 67,050.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,274,925 shares of the company’s stock valued at $151,465,000 after purchasing an additional 3,270,048 shares during the last quarter. LPL Financial LLC raised its position in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 4.3% in the fourth quarter. LPL Financial LLC now owns 1,888,656 shares of the company’s stock valued at $87,350,000 after purchasing an additional 77,734 shares during the period. Valpey Financial Services LLC raised its position in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 4,851.0% in the fourth quarter. Valpey Financial Services LLC now owns 472,577 shares of the company’s stock valued at $21,857,000 after purchasing an additional 463,032 shares during the period. Finally, Manning & Napier Advisors LLC lifted its stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 2.0% during the 1st quarter. Manning & Napier Advisors LLC now owns 297,071 shares of the company’s stock worth $13,606,000 after buying an additional 5,702 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.