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

Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) reached a new 52-week low on Friday . The stock traded as low as $44.88 and last traded at $44.88, with a volume of 8611 shares changing hands. The stock had previously closed at $45.04.

Goldman Sachs Access Investment Grade Corporate Bond ETF Stock Performance

The stock’s 50 day simple moving average is $45.59 and its 200-day simple moving average is $45.94.

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

Several large investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. lifted its holdings 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 worth $151,465,000 after buying an additional 3,270,048 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 45.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,344,399 shares of the company’s stock worth $154,678,000 after acquiring an additional 1,050,239 shares during the period. Valpey Financial Services LLC increased its position in shares of 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 acquiring an additional 463,032 shares during the period. EP Wealth Advisors LLC purchased a new stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF during the fourth quarter worth $8,432,000. Finally, Wells Fargo & Company MN raised its stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 135.2% in the fourth quarter. Wells Fargo & Company MN now owns 200,725 shares of the company’s stock valued at $9,284,000 after acquiring an additional 115,394 shares in the last quarter.

Goldman Sachs Access Investment Grade Corporate Bond ETF Company Profile

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.