Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU) Hits New 52-Week High – Here’s What Happened

Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $28.14 and last traded at $28.13, with a volume of 1338198 shares changing hands. The stock had previously closed at $27.85.

Goldman Sachs Physical Gold ETF Price Performance

The stock’s 50-day simple moving average is $26.51 and its two-hundred day simple moving average is $25.86.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AAAU. Proficio Capital Partners LLC raised its position in shares of Goldman Sachs Physical Gold ETF by 1,478.7% during the fourth quarter. Proficio Capital Partners LLC now owns 10,910,736 shares of the company’s stock valued at $283,024,000 after buying an additional 10,219,630 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Goldman Sachs Physical Gold ETF during the fourth quarter valued at $16,500,000. Raymond James & Associates increased its holdings 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 valued at $11,367,000 after acquiring an additional 225,226 shares during the last quarter. Quadrature Capital Ltd bought a new stake in Goldman Sachs Physical Gold ETF in the 3rd quarter valued at $8,712,000. Finally, International Assets Investment Management LLC boosted its holdings in shares of Goldman Sachs Physical Gold ETF by 3,771.3% during the 3rd quarter. International Assets Investment Management LLC now owns 325,963 shares of the company’s stock valued at $84,850,000 after purchasing an additional 317,543 shares during the last quarter.

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.