Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) Sets New 1-Year Low – Should You Sell?

Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as $44.67 and last traded at $44.74, with a volume of 29067 shares changing hands. The stock had previously closed at $44.95.

Goldman Sachs Access Investment Grade Corporate Bond ETF Stock Performance

The firm has a 50 day simple moving average of $45.25 and a two-hundred day simple moving average of $45.72.

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

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

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.