Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB)
| Assets | $773.65M |
| NAV | $54.10 |
| Expense Ratio | 0.14% |
| PE Ratio | n/a |
| Shares Out | 14.30M |
| Dividend (ttm) | $1.25 |
| Dividend Yield | 2.31% |
| Ex-Dividend Date | Oct 1, 2021 |
| 1-Year Return | - |
| Volume | 30,389 |
| Open | 54.06 |
| Previous Close | 54.08 |
| Day's Range | 54.06 - 54.21 |
| 52-Week Low | 52.04 |
| 52-Week High | 55.46 |
| Beta | 0.17 |
| Holdings | 1483 |
| Inception Date | Jun 6, 2017 |
About GIGB
The investment 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 fund seeks to achieve its investment objective by investing at least 80% of its assets (exclusive of collateral held from securities lending) in securities included in its underlying index. The index is a rules-based index that is designed to measure the performance of investment grade, corporate bonds denominated in U.S. dollars (USD) that meet certain liquidity and fundamental screening criteria.
Top 10 Holdings
2.71% of assets| Name | Symbol | Weight |
|---|---|---|
| ABBVIE INC | ABBV | 0.30% |
| APPLE INC. | AAPL | 0.29% |
| ABBVIE INC | ABBV | 0.28% |
| WELLS FARGO & COMPANY | WFC | 0.28% |
| AT&T INC. | T | 0.27% |
| ANHEUSER-BUSCH COMPANIES, | ABIBB | 0.27% |
| WELLS FARGO & COMPANY | WFC | 0.27% |
| ARES CAPITAL CORPORATION | ARCC | 0.25% |
| CVS HEALTH CORPORATION | CVS | 0.25% |
| BANK OF MONTREAL | BMO | 0.25% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Oct 1, 2021 | $0.099 | Oct 7, 2021 |
| Sep 1, 2021 | $0.10257 | Sep 8, 2021 |
| Aug 2, 2021 | $0.10476 | Aug 6, 2021 |
| Jul 1, 2021 | $0.10161 | Jul 8, 2021 |
| Jun 1, 2021 | $0.09616 | Jun 7, 2021 |
| May 3, 2021 | $0.10362 | May 7, 2021 |
News
Bonds Are Still a Safe Option Even for Hesitant Investors
There’s some talk in the markets that bonds have had their day in the sun and now their time is up. Gold, for example, could supplant bonds in a traditional 60-40 asset allocation, but bonds can still b...
Global Investors Are Buying Up Australian Bonds
With yields at record lows, investors are searching for yield wherever they can find it. One of the countries that has been seeing an influx of investor capital is Australia.
Renewed U.S.-China Tensions Give Bond ETFs a Boost
Whether it’s trade agreements or Covid-19, bond exchange-traded funds (ETFs) have been the beneficiary of U.S.-China trade tensions.
Low Yields are Making Investors Rethink the 60-40 Split
The 60-40 stock-bond allocation did a lot of investors favors during the Covid-19 selloffs back in March as investors rushed to safe havens when equities were selling off and rates were dropping. Those ...
Bundling Corporate Bonds is Changing the Fixed Income Market
The fixed income market certainly got a robust injection of capital via the central bank purchases in conjunction with investors looking for safe havens amid the pandemic. A byproduct of the heightened ...
When it Comes to Corporate Bonds, Traders Value Execution
Global investment firms were certainly the beneficiaries of fixed income trading during the second quarter with banks like JP Morgan and Citi recording record profits in their bond trading operations. W...
Give Bonds a Look if Equity Prices Look Too Inflated
Select equities have already rebounded past their pre-Covid-19 highs and the space could be looking more expensive than necessary. If investors are feeling jittery on inflated equity prices, they may wa...
Bond ETFs Helped to Boost BlackRock’s Profit by 21%
There wasn’t a dearth of investment capital when it came to fixed income during the coronavirus pandemic. Global investment firm Blackrock’s profit numbers jumped by 21% thanks to the fixed income, incl...
This Bond Indicator Could Signify Beating Growth, Says Bill Gross
The ongoing battle between value and growth could see the former take advantage over the latter if a certain bond indicator turns in its favor. Retired money manager Bill Gross said that tech giants lik...
Will the Fed Pump the Brakes on Bond Purchases?
It was full steam ahead for the Federal Reserve when it came to shoring up the bond market following the Coronavirus sell-offs in March as the central bank was quick to purchase bond-focused ETFs and th...
Increase in Global Liquidity May Help Equities and Bonds, Says JPMorgan
According to JPMorgan Chase & Co., central banks around the world will have to rely more heavily on loose monetary policy in order to sustain the need take on more debt, per a recent Bloomberg article.
Get Income, Less Credit Risk With This Corporate Bond ETF
Corporate bonds and the related ETFs are getting plenty of attention this year as the Federal Reserve is putting billions of dollars to work to shore up that market, a trend propping up ETFs such as the...
Corporate Bond ETF (GIGB) Hits New 52-Week High
The Goldman Sachs Access Investment Grade Corporate Bond ETF has hit a fresh 52-week high. Are more gains in store?
The Federal Reserve Isn’t Looking to Take Over the Bond Market
The capital markets cheered the Federal Reserve’s move to further support the bond market by purchasing up individual debt as opposed to fixed income exchange-traded funds (ETFs).
Investment Grade Bond Issuance Is Already Double That of Last Year
It comes as no surprise that bonds were the toast of the town versus equities during the height of the pandemic sell-off as investors took flight to safety. A deluge of capital into investment-grade bon...
Coronavirus Bonds are All the Rage in the Fixed Income Market
Bonds have definitely been having their day in the sun as numerous companies are taking advantage of low rates combined with the Federal Reserve’s support to backstop the bond market during the pandemic...
COVID-19 Crisis Could be Addressed with Bonds
Companies have been making good use of bonds with global interest rates at lows, which is offering them the opportunity to refinance existing debt. This is just one of the ways bonds have been used to a...
Fixed Income ETFs See $55B in Inflows Thus Far this Year
Gold can’t have all the safe haven fun—bonds have been seeing their fair share of safety capital during the pandemic, especially with the central government stepping in to inject more capital into debt ...
More Fed Action Ahead Could Buoy the Bond Market
The Federal Reserve is no doubt doing its part to help support the economy by dumping trillions into businesses, which is helping to buoy the bond market. The capital markets are betting that even more ...
Momentum Is on the Side of Corporate Bonds Right Now
Just ahead of Memorial Day weekend, corporate bonds finished another strong week as investor optimism erred on the side of bullishness that the government will do what’s necessary in order to stave off ...
Will China Follow the U.S. Fed by Buying Risky Debt?
Last week, the U.S. Federal Reserve initiated their bond-buying spree, which includes more risky debt issues in the high yield bond markets.
Price Efficiency a Key Component as Fed Prepares to Buy Bonds
The Federal Reserve has the bond markets in their sights with $75 billion at the ready, which it will use to buy debt issues directly from the companies or through exposure via exchange-traded funds (ET...
Investor Demand is Strong for Boeing’s Latest Bond Offering
The quantitative easing program by the Federal Reserve is sweetening the pot for fixed income investors looking for corporate bonds and high yield exposure. For example, airplane manufacturer Boeing has...