Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU) Hits New 1-Year High – What’s Next?

Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $30.44 and last traded at $30.38, with a volume of 102883 shares traded. The stock had previously closed at $30.22.

Goldman Sachs Physical Gold ETF Price Performance

The stock has a 50-day moving average of $28.60 and a 200-day moving average of $27.03.

Institutional Trading of Goldman Sachs Physical Gold ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Prostatis Group LLC bought a new stake in shares of Goldman Sachs Physical Gold ETF in the 4th quarter valued at about $544,000. Ameriflex Group Inc. bought a new position in Goldman Sachs Physical Gold ETF during the fourth quarter worth $57,000. Sunbelt Securities Inc. bought a new position in shares of Goldman Sachs Physical Gold ETF in the fourth quarter valued at about $40,000. Visionary Wealth Advisors bought a new stake in shares of Goldman Sachs Physical Gold ETF during the 4th quarter worth about $3,954,000. Finally, Cetera Investment Advisers raised its holdings in Goldman Sachs Physical Gold ETF by 9.3% in 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.

About Goldman Sachs Physical Gold ETF

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.