Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU) Hits New 1-Year High – Should You Buy?

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

Goldman Sachs Physical Gold ETF Trading Up 0.6 %

The business’s 50-day moving average is $25.44 and its 200-day moving average is $24.09.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Raymond James & Associates raised its position in Goldman Sachs Physical Gold ETF by 106.5% in 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. raised its position in shares of Goldman Sachs Physical Gold ETF by 42.5% during the third quarter. Moulton Wealth Management Inc. now owns 132,680 shares of the company’s stock worth $3,480,000 after acquiring an additional 39,585 shares during the last quarter. Capstone Wealth Management Group LLC acquired a new position in shares of Goldman Sachs Physical Gold ETF during the third quarter valued at $403,000. Silverlake Wealth Management LLC acquired a new position in shares of Goldman Sachs Physical Gold ETF during the third quarter valued at $537,000. Finally, Fermata Advisors LLC bought a new position in Goldman Sachs Physical Gold ETF in the third quarter valued at 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.