Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) Sets New 52-Week Low – What’s Next?

Shares of Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) hit a new 52-week low during mid-day trading on Monday . The stock 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 simple moving average is $45.50 and its 200-day simple moving average is $45.88.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its stake in Goldman Sachs Access Investment Grade Corporate Bond ETF by 67,050.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,274,925 shares of the company’s stock valued at $151,465,000 after purchasing an additional 3,270,048 shares during the last quarter. Capital Financial Group Inc. Co. ADV purchased a new position in Goldman Sachs Access Investment Grade Corporate Bond ETF in the fourth quarter valued at approximately $3,894,000. Manning & Napier Advisors LLC raised its stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 17.3% in the 4th quarter. Manning & Napier Advisors LLC now owns 291,369 shares of the company’s stock valued at $13,574,000 after acquiring an additional 43,060 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 20.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 192,471 shares of the company’s stock worth $8,902,000 after purchasing an additional 33,167 shares in the last quarter. Finally, Corient Private Wealth LLC acquired a new position in Goldman Sachs Access Investment Grade Corporate Bond ETF during the 4th quarter worth approximately $2,880,000.

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.