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

Shares of Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) saw unusually-high trading volume on Tuesday . Approximately 31,047 shares traded hands during mid-day trading, a decline of 19% from the previous session’s volume of 38,196 shares.The stock last traded at $44.75 and had previously closed at $44.96.

Goldman Sachs Access Investment Grade Corporate Bond ETF Trading Up 0.2 %

The firm has a fifty day simple moving average of $45.73 and a 200-day simple moving average of $46.16.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Newbridge Financial Services Group Inc. increased its position in Goldman Sachs Access Investment Grade Corporate Bond ETF by 39.0% during the second quarter. Newbridge Financial Services Group Inc. now owns 1,383 shares of the company’s stock worth $63,000 after acquiring an additional 388 shares during the period. Maia Wealth LLC increased its holdings in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 6.4% during the third 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. CFS Investment Advisory Services LLC raised its position in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 2.4% in the third quarter. CFS Investment Advisory Services LLC now owns 19,801 shares of the company’s stock valued at $937,000 after buying an additional 472 shares in the last quarter. Redwood Investment Management LLC raised 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 valued at $332,000 after buying an additional 655 shares in the last quarter. Finally, Semmax Financial Advisors Inc. bought a new stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF in the second quarter valued at approximately $38,000.

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.