Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) Hits New 52-Week Low – Here’s What Happened

Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB)’s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $44.15 and last traded at $44.24, with a volume of 48573 shares trading hands. The stock had previously closed at $44.28.

Goldman Sachs Access Investment Grade Corporate Bond ETF Stock Up 0.0%

The stock’s 50 day simple moving average is $44.93 and its 200 day simple moving average is $45.53.

Institutional Trading of Goldman Sachs Access Investment Grade Corporate Bond ETF

A number of hedge funds have recently made changes to their positions in GIGB. Goldman Sachs Group Inc. increased its stake in Goldman Sachs Access Investment Grade Corporate Bond ETF by 45.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,344,399 shares of the company’s stock valued at $154,678,000 after acquiring an additional 1,050,239 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Goldman Sachs Access Investment Grade Corporate Bond ETF by 67,050.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,274,925 shares of the company’s stock worth $151,465,000 after purchasing an additional 3,270,048 shares during the last quarter. Valpey Financial Services LLC lifted its stake in Goldman Sachs Access Investment Grade Corporate Bond ETF by 4,851.0% during the fourth quarter. Valpey Financial Services LLC now owns 472,577 shares of the company’s stock worth $21,857,000 after purchasing an additional 463,032 shares during the last quarter. Manning & Napier Advisors LLC boosted its holdings 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 purchasing an additional 5,702 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 5.7% in the 1st quarter. Cetera Investment Advisers now owns 227,321 shares of the company’s stock worth $10,411,000 after purchasing an additional 12,321 shares in the last quarter.

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.