Goldman Sachs Access High Yield Corporate Bond ETF (NYSEARCA:GHYB – Get Free Report)’s stock price dropped 0.7% on Monday . The company traded as low as $43.74 and last traded at $43.99. Approximately 9,919 shares traded hands during mid-day trading, a decline of 41% from the average daily volume of 16,864 shares. The stock had previously closed at $44.32.
Goldman Sachs Access High Yield Corporate Bond ETF Price Performance
The stock has a 50-day simple moving average of $44.14 and a two-hundred day simple moving average of $43.94.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in GHYB. Envestnet Portfolio Solutions Inc. grew its stake in Goldman Sachs Access High Yield Corporate Bond ETF by 2.2% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 52,649 shares of the company’s stock valued at $2,317,000 after purchasing an additional 1,134 shares during the last quarter. Cetera Investment Advisers acquired a new position in Goldman Sachs Access High Yield Corporate Bond ETF in the first quarter valued at approximately $3,842,000. Jane Street Group LLC raised its stake in shares of Goldman Sachs Access High Yield Corporate Bond ETF by 501.4% during the 1st quarter. Jane Street Group LLC now owns 103,140 shares of the company’s stock worth $4,562,000 after buying an additional 85,989 shares during the period. Avidian Wealth Solutions LLC raised its stake in shares of Goldman Sachs Access High Yield Corporate Bond ETF by 30.8% during the 1st quarter. Avidian Wealth Solutions LLC now owns 8,657 shares of the company’s stock worth $383,000 after buying an additional 2,038 shares during the period. Finally, Atwood & Palmer Inc. raised its stake in shares of Goldman Sachs Access High Yield Corporate Bond ETF by 2.6% during the 1st quarter. Atwood & Palmer Inc. now owns 379,076 shares of the company’s stock worth $16,767,000 after buying an additional 9,651 shares during the period.
Goldman Sachs Access High Yield Corporate Bond ETF Company Profile
The Goldman Sachs Access High Yield Corporate Bond ETF (GHYB) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a broad-maturity, USD-denominated, high-yield corporate bond index selected by debt service and leverage. GHYB was launched on Sep 5, 2017 and is managed by Goldman Sachs.
Further Reading
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