GIGB Stock Summary and Trading Ideas (Goldman Sachs Access Investment Grade Corporate Bond ETF | ARCA:GIGB)

The Fund seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE Goldman Sachs Investment Grade Corporate Bond Index (the Index ). The index employs a simple, transparent process that is designed to identify an investible universe, then eliminates issuers with relative deteriorating fundamentals to offer exposure to existing sector or market beta.

Goldman Sachs Access Investment Grade Corporate Bond ETF trades on the ARCA stock market under the symbol GIGB.

As of April 19, 2024, GIGB stock price climbed to $44.46 with 31,363 million shares trading.

GIGB has a beta of 0.38, meaning it tends to be less sensitive to market movements. GIGB has a correlation of 0.35 to the broad based SPY ETF.

GIGB has a market cap of $724.70 million. This is considered a Small Cap stock.

In the last 3 years, GIGB stock traded as high as $55.66 and as low as $41.72.

GIGB has underperformed the market in the last year with a return of +1.4%, while the SPY ETF gained +21.2%. In the last 3 month period, GIGB fell short of the market, returning -1.8%, while SPY returned +4.3%. However, in the most recent 2 weeks GIGB has outperformed the stock market by returning -1.9%, while SPY returned -3.5%.

GIGB support price is $44.22 and resistance is $44.62 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GIGB stock will trade within this expected range on the day.