Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU) Reaches New 12-Month High – What’s Next?

Shares of Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU) hit a new 52-week high on Monday . The company traded as high as $29.13 and last traded at $29.03, with a volume of 138695 shares trading hands. The stock had previously closed at $29.01.

Goldman Sachs Physical Gold ETF Stock Down 1.3 %

The firm has a 50 day moving average price of $27.21 and a 200-day moving average price of $26.36.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Ameriflex Group Inc. acquired a new stake in Goldman Sachs Physical Gold ETF during the fourth quarter valued at $57,000. Sunbelt Securities Inc. purchased a new stake in shares of Goldman Sachs Physical Gold ETF during the 4th quarter worth about $40,000. Visionary Wealth Advisors acquired a new stake in shares of Goldman Sachs Physical Gold ETF during the 4th quarter valued at about $3,954,000. Cetera Investment Advisers grew its position in shares of Goldman Sachs Physical Gold ETF by 9.3% during the 4th quarter. Cetera Investment Advisers now owns 286,196 shares of the company’s stock valued at $7,422,000 after acquiring an additional 24,452 shares during the period. Finally, Jane Street Group LLC increased its stake in shares of Goldman Sachs Physical Gold ETF by 7,165.2% in the 4th quarter. Jane Street Group LLC now owns 643,410 shares of the company’s stock valued at $16,687,000 after purchasing an additional 634,554 shares in the last quarter.

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.