Goldman Sachs Access High Yield Corporate Bond ETF (NYSEARCA:GHYB) Stock Passes Above Fifty Day Moving Average – Time to Sell?

Goldman Sachs Access High Yield Corporate Bond ETF (NYSEARCA:GHYB) shares crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $45.11 and traded as high as $45.27. Goldman Sachs Access High Yield Corporate Bond ETF shares last traded at $45.17, with a volume of 18,242 shares changing hands.

Goldman Sachs Access High Yield Corporate Bond ETF Trading Down 0.1 %

The business’s fifty day simple moving average is $45.11 and its 200-day simple moving average is $44.70.

Institutional Investors Weigh In On Goldman Sachs Access High Yield Corporate Bond ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. grew its holdings in Goldman Sachs Access High Yield Corporate Bond ETF by 3.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 164,862 shares of the company’s stock valued at $7,255,000 after buying an additional 5,969 shares in the last quarter. Jane Street Group LLC grew its holdings in 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 valued at $4,562,000 after buying an additional 85,989 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Goldman Sachs Access High Yield Corporate Bond ETF by 1.8% during the 2nd quarter. Cetera Investment Advisers now owns 88,421 shares of the company’s stock valued at $3,891,000 after acquiring an additional 1,554 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of Goldman Sachs Access High Yield Corporate Bond ETF by 9.9% during the 2nd quarter. NewEdge Advisors LLC now owns 71,451 shares of the company’s stock valued at $3,144,000 after acquiring an additional 6,438 shares during the last quarter. Finally, Principal Securities Inc. boosted its position in shares of Goldman Sachs Access High Yield Corporate Bond ETF by 8.3% during the 3rd quarter. Principal Securities Inc. now owns 60,538 shares of the company’s stock valued at $2,764,000 after acquiring an additional 4,657 shares during the last quarter.

About Goldman Sachs Access High Yield Corporate Bond ETF

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.