Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) Hits New 12-Month Low – Should You Sell?

Shares of Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) hit a new 52-week low on Wednesday . The stock traded as low as $45.11 and last traded at $45.11, with a volume of 2523 shares trading hands. The stock had previously closed at $45.28.

Goldman Sachs Access Investment Grade Corporate Bond ETF Trading Down 0.1%

The company’s 50 day moving average is $45.66 and its 200-day moving average is $46.00.

Institutional Trading of Goldman Sachs Access Investment Grade Corporate Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of GIGB. Goldman Sachs Group Inc. boosted its holdings in Goldman Sachs Access Investment Grade Corporate Bond ETF by 45.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,344,399 shares of the company’s stock valued at $154,678,000 after purchasing an additional 1,050,239 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased 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 purchasing an additional 3,270,048 shares during the last quarter. LPL Financial LLC raised its position in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 4.3% in the 4th quarter. LPL Financial LLC now owns 1,888,656 shares of the company’s stock valued at $87,350,000 after purchasing an additional 77,734 shares in the last quarter. Valpey Financial Services LLC raised its position in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 4,851.0% in the 4th quarter. Valpey Financial Services LLC now owns 472,577 shares of the company’s stock valued at $21,857,000 after purchasing an additional 463,032 shares in the last quarter. Finally, Manning & Napier Advisors LLC boosted its stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 2.0% during the 1st quarter. Manning & Napier Advisors LLC now owns 297,071 shares of the company’s stock valued at $13,606,000 after buying an additional 5,702 shares during 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.