Goldman Sachs Access Treasury 0-1 Year ETF (NYSEARCA:GBIL) Hits New 52-Week Low – What’s Next?

Shares of Goldman Sachs Access Treasury 0-1 Year ETF (NYSEARCA:GBIL) reached a new 52-week low during mid-day trading on Thursday. The company traded as low as $99.82 and last traded at $99.8250, with a volume of 69837 shares changing hands. The stock had previously closed at $100.11.

Goldman Sachs Access Treasury 0-1 Year ETF Price Performance

The firm has a fifty day moving average of $100.03 and a 200 day moving average of $100.04.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GBIL. GHP Investment Advisors Inc. purchased a new stake in shares of Goldman Sachs Access Treasury 0-1 Year ETF in the first quarter valued at about $33,000. Parallel Advisors LLC boosted its holdings in Goldman Sachs Access Treasury 0-1 Year ETF by 129.1% in the 1st quarter. Parallel Advisors LLC now owns 362 shares of the company’s stock valued at $36,000 after purchasing an additional 204 shares during the last quarter. Sound Income Strategies LLC purchased a new stake in shares of Goldman Sachs Access Treasury 0-1 Year ETF in the 1st quarter valued at approximately $46,000. Ashton Thomas Securities LLC purchased a new stake in shares of Goldman Sachs Access Treasury 0-1 Year ETF in the 1st quarter valued at approximately $55,000. Finally, Bayban purchased a new stake in shares of Goldman Sachs Access Treasury 0-1 Year ETF in the 1st quarter valued at approximately $76,000.

About Goldman Sachs Access Treasury 0-1 Year ETF

The Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index comprised of US Treasury securities with less than one year remaining in maturity. GBIL was launched on Sep 6, 2016 and is managed by Goldman Sachs.