Goldman Sachs Access High Yield Corporate Bond ETF (NYSEARCA:GHYB) Trading 0.1% Higher – Still a Buy?

Goldman Sachs Access High Yield Corporate Bond ETF (NYSEARCA:GHYB)’s share price shot up 0.1% during mid-day trading on Friday . The company traded as high as $45.63 and last traded at $45.60. Approximately 32,727 shares changed hands during trading, an increase of 27% from the average session volume of 25,802 shares. The stock had previously closed at $45.56.

Goldman Sachs Access High Yield Corporate Bond ETF Price Performance

The stock’s fifty day moving average is $45.43 and its 200 day moving average is $45.42.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in GHYB. Harbour Investments Inc. boosted its stake in Goldman Sachs Access High Yield Corporate Bond ETF by 156.8% during the 2nd quarter. Harbour Investments Inc. now owns 832 shares of the company’s stock worth $38,000 after purchasing an additional 508 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Goldman Sachs Access High Yield Corporate Bond ETF by 400.0% during the third quarter. PNC Financial Services Group Inc. now owns 1,000 shares of the company’s stock worth $46,000 after acquiring an additional 800 shares during the period. Claris Financial LLC purchased a new position in Goldman Sachs Access High Yield Corporate Bond ETF in the second quarter valued at $204,000. Global Assets Advisory LLC acquired a new stake in Goldman Sachs Access High Yield Corporate Bond ETF in the third quarter valued at $289,000. Finally, Chicago Partners Investment Group LLC boosted its position in shares of Goldman Sachs Access High Yield Corporate Bond ETF by 12.2% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 7,034 shares of the company’s stock valued at $319,000 after purchasing an additional 765 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.