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

Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) reached a new 52-week low on Monday . The company traded as low as $44.85 and last traded at $44.87, with a volume of 62406 shares. The stock had previously closed at $45.06.

Goldman Sachs Access Investment Grade Corporate Bond ETF Price Performance

The firm’s fifty day moving average is $45.46 and its 200-day moving average is $45.86.

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

A number of hedge funds have recently made changes to their positions in GIGB. Geneos Wealth Management Inc. purchased a new position in Goldman Sachs Access Investment Grade Corporate Bond ETF in the second quarter valued at $28,000. Hantz Financial Services Inc. acquired a new stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF in the 4th quarter valued at $30,000. Parallel Advisors LLC raised its holdings in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 4,307.3% in the 1st quarter. Parallel Advisors LLC now owns 1,807 shares of the company’s stock valued at $83,000 after purchasing an additional 1,766 shares in the last quarter. Western Wealth Management LLC purchased a new stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF during the 1st quarter worth $96,000. Finally, Cornerstone Planning Group LLC purchased a new stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF during the 1st quarter worth $100,000.

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.