Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) Sees Strong Trading Volume – What’s Next?

Shares of Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) saw unusually-high trading volume on Friday . 299,066 shares changed hands during mid-day trading, an increase of 228% from the previous session’s volume of 91,074 shares.The stock last traded at $45.12 and had previously closed at $45.16.

Goldman Sachs Access Investment Grade Corporate Bond ETF Price Performance

The company’s fifty day moving average price is $45.29 and its 200 day moving average price is $45.74.

Institutional Investors Weigh In On Goldman Sachs Access Investment Grade Corporate Bond ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. increased its stake 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 period. Capital Financial Group Inc. Co. ADV bought a new position in Goldman Sachs Access Investment Grade Corporate Bond ETF in the 4th quarter worth approximately $3,894,000. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 20.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 192,471 shares of the company’s stock valued at $8,902,000 after purchasing an additional 33,167 shares during the period. Manning & Napier Advisors LLC increased its stake in Goldman Sachs Access Investment Grade Corporate Bond ETF by 17.3% during the 4th quarter. Manning & Napier Advisors LLC now owns 291,369 shares of the company’s stock valued at $13,574,000 after buying an additional 43,060 shares during the period. Finally, Corient Private Wealth LLC bought a new stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF during the 4th quarter worth about $2,880,000.

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.