Goldman Sachs Access High Yield Corporate Bond ETF (NYSEARCA:GHYB) Shares Up 0.4% – Still a Buy?

Goldman Sachs Access High Yield Corporate Bond ETF (NYSEARCA:GHYB)’s stock price shot up 0.4% during trading on Friday . The stock traded as high as $45.18 and last traded at $45.15. 2,741 shares were traded during trading, a decline of 87% from the average session volume of 21,250 shares. The stock had previously closed at $44.99.

Goldman Sachs Access High Yield Corporate Bond ETF Stock Performance

The firm’s 50 day moving average is $44.89 and its 200 day moving average is $45.26.

Hedge Funds Weigh In On Goldman Sachs Access High Yield Corporate Bond ETF

Several hedge funds have recently bought and sold shares of GHYB. PNC Financial Services Group Inc. grew its stake in Goldman Sachs Access High Yield Corporate Bond ETF by 400.0% during the third quarter. PNC Financial Services Group Inc. now owns 1,000 shares of the company’s stock valued at $46,000 after acquiring an additional 800 shares in the last quarter. Claris Financial LLC purchased a new position in Goldman Sachs Access High Yield Corporate Bond ETF during the fourth quarter valued at approximately $205,000. Global Assets Advisory LLC purchased a new position in Goldman Sachs Access High Yield Corporate Bond ETF during the third quarter valued at approximately $289,000. Osaic Holdings Inc. grew its stake in Goldman Sachs Access High Yield Corporate Bond ETF by 25.8% during the fourth quarter. Osaic Holdings Inc. now owns 7,992 shares of the company’s stock valued at $362,000 after acquiring an additional 1,641 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Goldman Sachs Access High Yield Corporate Bond ETF by 21,221.1% during the second quarter. JPMorgan Chase & Co. now owns 8,102 shares of the company’s stock valued at $368,000 after acquiring an additional 8,064 shares in the last quarter.

Goldman Sachs Access High Yield Corporate Bond ETF Company Profile

The Goldman Sachs Access High Yield Corporate Bond ETF (GHYB) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a broad-maturity, USD-denominated, high-yield corporate bond index selected by debt service and leverage. GHYB was launched on Sep 5, 2017 and is managed by Goldman Sachs.