Goldman Sachs Access High Yield Corporate Bond ETF (NYSEARCA:GHYB) Trading Up 0.1% – Still a Buy?

Goldman Sachs Access High Yield Corporate Bond ETF (NYSEARCA:GHYB) shares were up 0.1% during mid-day trading on Friday . The stock traded as high as $45.00 and last traded at $44.97. Approximately 7,380 shares traded hands during trading, a decline of 59% from the average daily volume of 17,912 shares. The stock had previously closed at $44.91.

Goldman Sachs Access High Yield Corporate Bond ETF Stock Performance

The firm’s 50 day moving average is $44.74 and its 200-day moving average is $45.13.

Hedge Funds Weigh In On Goldman Sachs Access High Yield Corporate Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. grew its holdings in Goldman Sachs Access High Yield Corporate Bond ETF by 1.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 452,618 shares of the company’s stock valued at $20,513,000 after purchasing an additional 5,323 shares during the period. NewEdge Advisors LLC grew its holdings in Goldman Sachs Access High Yield Corporate Bond ETF by 17.6% in the fourth quarter. NewEdge Advisors LLC now owns 143,664 shares of the company’s stock valued at $6,511,000 after purchasing an additional 21,517 shares during the period. Advisory Services Network LLC grew its holdings in Goldman Sachs Access High Yield Corporate Bond ETF by 4.0% in the fourth quarter. Advisory Services Network LLC now owns 103,719 shares of the company’s stock valued at $4,701,000 after purchasing an additional 3,967 shares during the period. Bank of America Corp DE grew its holdings in Goldman Sachs Access High Yield Corporate Bond ETF by 27.5% in the first quarter. Bank of America Corp DE now owns 94,333 shares of the company’s stock valued at $4,205,000 after purchasing an additional 20,352 shares during the period. Finally, Jane Street Group LLC grew its holdings in Goldman Sachs Access High Yield Corporate Bond ETF by 30.9% in the first quarter. Jane Street Group LLC now owns 34,692 shares of the company’s stock valued at $1,545,000 after purchasing an additional 8,196 shares during the period.

Goldman Sachs Access High Yield Corporate Bond ETF Company Profile

The Goldman Sachs Access High Yield Corporate Bond ETF (GHYB) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a broad-maturity, USD-denominated, high-yield corporate bond index selected by debt service and leverage. GHYB was launched on Sep 5, 2017 and is managed by Goldman Sachs.