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

Shares of Goldman Sachs Physical Gold ETF (NYSEARCA:AAAUGet Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $29.00 and last traded at $28.98, with a volume of 694423 shares. The stock had previously closed at $28.53.

Goldman Sachs Physical Gold ETF Stock Performance

The company has a fifty day simple moving average of $26.95 and a two-hundred day simple moving average of $26.17.

Institutional Trading of Goldman Sachs Physical Gold ETF

Institutional investors have recently modified their holdings of the company. Raymond James & Associates increased its position in shares of Goldman Sachs Physical Gold ETF by 106.5% in the third 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. Retirement Guys Formula LLC increased its position in Goldman Sachs Physical Gold ETF by 6.3% during the third quarter. Retirement Guys Formula LLC now owns 110,602 shares of the company’s stock worth $2,878,000 after buying an additional 6,600 shares during the last quarter. Foundations Investment Advisors LLC increased its position in Goldman Sachs Physical Gold ETF by 12.5% during the third quarter. Foundations Investment Advisors LLC now owns 96,887 shares of the company’s stock worth $2,521,000 after buying an additional 10,770 shares during the last quarter. Fortis Group Advisors LLC acquired a new position in Goldman Sachs Physical Gold ETF during the third quarter worth approximately $210,000. Finally, International Assets Investment Management LLC increased its position in Goldman Sachs Physical Gold ETF by 3,771.3% during the third quarter. International Assets Investment Management LLC now owns 325,963 shares of the company’s stock worth $84,850,000 after buying an additional 317,543 shares during the last quarter.

About Goldman Sachs Physical Gold ETF

(Get Free Report)

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.

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