Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU) Hits New 12-Month High – Here’s Why

Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $27.07 and last traded at $27.07, with a volume of 3507 shares. The stock had previously closed at $26.90.

Goldman Sachs Physical Gold ETF Stock Performance

The firm’s fifty day simple moving average is $25.44 and its 200 day simple moving average is $24.09.

Institutional Trading of Goldman Sachs Physical Gold ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in AAAU. Raymond James & Associates increased its position in shares of Goldman Sachs Physical Gold ETF by 106.5% during the 3rd quarter. Raymond James & Associates now owns 436,765 shares of the company’s stock worth $11,367,000 after purchasing an additional 225,226 shares during the last quarter. Moulton Wealth Management Inc. increased its holdings in shares of Goldman Sachs Physical Gold ETF by 42.5% in the third quarter. Moulton Wealth Management Inc. now owns 132,680 shares of the company’s stock valued at $3,480,000 after purchasing an additional 39,585 shares during the last quarter. Capstone Wealth Management Group LLC bought a new position in shares of Goldman Sachs Physical Gold ETF in the third quarter valued at about $403,000. Silverlake Wealth Management LLC acquired a new stake in shares of Goldman Sachs Physical Gold ETF during the 3rd quarter worth about $537,000. Finally, Fermata Advisors LLC bought a new stake in shares of Goldman Sachs Physical Gold ETF during the 3rd quarter worth about $350,000.

Goldman Sachs Physical Gold ETF Company Profile

The Goldman Sachs Physical Gold ETF (AAAU) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund tracks the gold spot price, less expenses and liabilities, using gold bars held in vaults located in the UK. AAAU was launched on Jul 26, 2018 and is issued by Goldman Sachs.