Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) Sees Large Volume Increase – Should You Buy?

Shares of Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) saw unusually-high trading volume on Tuesday . Approximately 287,209 shares traded hands during mid-day trading, an increase of 348% from the previous session’s volume of 64,143 shares.The stock last traded at $45.91 and had previously closed at $45.79.

Goldman Sachs Access Investment Grade Corporate Bond ETF Price Performance

The company has a 50-day moving average price of $46.74 and a two-hundred day moving average price of $45.95.

Institutional Trading of Goldman Sachs Access Investment Grade Corporate Bond ETF

Several large investors have recently made changes to their positions in GIGB. LPL Financial LLC boosted its stake in Goldman Sachs Access Investment Grade Corporate Bond ETF by 2.1% during the 2nd quarter. LPL Financial LLC now owns 1,413,325 shares of the company’s stock valued at $63,953,000 after purchasing an additional 29,649 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Goldman Sachs Access Investment Grade Corporate Bond ETF by 6.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 672,437 shares of the company’s stock valued at $30,428,000 after purchasing an additional 38,445 shares during the last quarter. Stephens Inc. AR boosted its stake in Goldman Sachs Access Investment Grade Corporate Bond ETF by 0.7% during the 3rd quarter. Stephens Inc. AR now owns 484,423 shares of the company’s stock valued at $22,923,000 after purchasing an additional 3,275 shares during the last quarter. OneDigital Investment Advisors LLC acquired a new position in Goldman Sachs Access Investment Grade Corporate Bond ETF during the 3rd quarter valued at about $19,604,000. Finally, Principal Securities Inc. boosted its stake in Goldman Sachs Access Investment Grade Corporate Bond ETF by 0.5% during the 3rd quarter. Principal Securities Inc. now owns 273,406 shares of the company’s stock valued at $12,938,000 after purchasing an additional 1,233 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.