Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) Reaches New 1-Year Low – Here’s What Happened

Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) shares reached a new 52-week low on Wednesday . The stock traded as low as $44.15 and last traded at $44.1410, with a volume of 14808 shares changing hands. The stock had previously closed at $44.50.

Goldman Sachs Access Investment Grade Corporate Bond ETF Stock Down 1.1%

The company’s 50 day moving average price is $44.87 and its 200-day moving average price is $45.47.

Hedge Funds Weigh In On Goldman Sachs Access Investment Grade Corporate Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Capital Financial Group Inc. Co. ADV purchased a new stake in Goldman Sachs Access Investment Grade Corporate Bond ETF during the fourth quarter valued at about $3,894,000. Corient Private Wealth LLC purchased a new position in Goldman Sachs Access Investment Grade Corporate Bond ETF during the 4th quarter valued at about $2,880,000. Northwestern Mutual Wealth Management Co. raised its position in 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 valued at $151,465,000 after purchasing an additional 3,270,048 shares during the last quarter. Bank of America Corp DE lifted its holdings in Goldman Sachs Access Investment Grade Corporate Bond ETF by 20.4% in the 1st quarter. Bank of America Corp DE now owns 122,540 shares of the company’s stock worth $5,612,000 after buying an additional 20,727 shares during the period. Finally, Elevation Point Wealth Partners LLC grew its position in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 60.2% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 61,853 shares of the company’s stock worth $2,833,000 after buying an additional 23,240 shares during 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.