Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) Sees Unusually-High Trading Volume – Here’s Why

Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) saw unusually-high trading volume on Friday. Approximately 184,047 shares changed hands during trading, an increase of 98% from the average daily volume of 93,118 shares. The stock last traded at $44.3250 and had previously closed at $44.21.

Goldman Sachs Access Investment Grade Corporate Bond ETF Stock Performance

The business has a 50 day moving average of $44.18 and a 200-day moving average of $45.43.

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

Several large investors have recently made changes to their positions in GIGB. Syntegra Private Wealth Group LLC boosted its stake in Goldman Sachs Access Investment Grade Corporate Bond ETF by 6.6% in the 1st quarter. Syntegra Private Wealth Group LLC now owns 9,677 shares of the company’s stock worth $443,000 after purchasing an additional 596 shares during the period. Beacon Financial Advisory LLC grew its holdings in Goldman Sachs Access Investment Grade Corporate Bond ETF by 14.7% during the 2nd quarter. Beacon Financial Advisory LLC now owns 10,541 shares of the company’s stock valued at $484,000 after purchasing an additional 1,347 shares during the last quarter. LifePlan Investment Advisors Inc. lifted its stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 5.7% during the 2nd quarter. LifePlan Investment Advisors Inc. now owns 27,327 shares of the company’s stock worth $1,255,000 after acquiring an additional 1,475 shares during the last quarter. MGO One Seven LLC boosted its stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 2.5% during the third quarter. MGO One Seven LLC now owns 65,319 shares of the company’s stock valued at $2,842,000 after purchasing an additional 1,578 shares during the period. Finally, Rogco LP bought a new stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF during the second quarter valued at approximately $73,000.

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.