Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) saw strong trading volume on Friday . 125,455 shares were traded during trading, an increase of 52% from the previous session’s volume of 82,364 shares.The stock last traded at $46.66 and had previously closed at $46.64.

Goldman Sachs Access Investment Grade Corporate Bond ETF Stock Performance

The company’s 50-day moving average price is $46.34 and its two-hundred day moving average price is $45.69.

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

Several large investors have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF in the fourth quarter worth about $327,000. Arvest Investments Inc. boosted its holdings in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 2.1% in the first quarter. Arvest Investments Inc. now owns 703,376 shares of the company’s stock worth $32,187,000 after buying an additional 14,647 shares during the period. Fifth Third Bancorp acquired a new position in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF in the first quarter worth about $81,000. Flagship Harbor Advisors LLC boosted its holdings in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 1.0% in the first quarter. Flagship Harbor Advisors LLC now owns 39,139 shares of the company’s stock worth $1,791,000 after buying an additional 392 shares during the period. Finally, Legacy Advisors LLC boosted its holdings in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 8.9% in the first quarter. Legacy Advisors LLC now owns 11,078 shares of the company’s stock worth $507,000 after buying an additional 908 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.