Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) Hits New 52-Week Low – Here’s What Happened

Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $44.06 and last traded at $44.22, with a volume of 1871 shares trading hands. The stock had previously closed at $44.50.

Goldman Sachs Access Investment Grade Corporate Bond ETF Stock Down 0.6 %

The firm’s fifty day moving average price is $45.54 and its 200 day moving average price is $45.77.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. lifted its stake in Goldman Sachs Access Investment Grade Corporate Bond ETF by 6.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 170,180 shares of the company’s stock worth $8,053,000 after acquiring an additional 10,130 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 7.5% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 190,116 shares of the company’s stock worth $8,569,000 after purchasing an additional 13,189 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF in the fourth quarter valued at approximately $1,392,000. White Pine Investment CO grew its holdings in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 17.7% in the fourth quarter. White Pine Investment CO now owns 166,645 shares of the company’s stock valued at $7,511,000 after purchasing an additional 25,098 shares in the last quarter. Finally, Kingsview Wealth Management LLC grew its holdings in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 2.0% in the fourth quarter. Kingsview Wealth Management LLC now owns 11,359 shares of the company’s stock valued at $512,000 after purchasing an additional 226 shares in 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.