Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU) Reaches New 1-Year High – Here’s Why

Goldman Sachs Physical Gold ETF (NYSEARCA:AAAUGet Free Report) shares reached a new 52-week high during trading on Monday . The stock traded as high as $50.24 and last traded at $50.20, with a volume of 420737 shares changing hands. The stock had previously closed at $49.13.

Goldman Sachs Physical Gold ETF News Summary

Here are the key news stories impacting Goldman Sachs Physical Gold ETF this week:

Goldman Sachs Physical Gold ETF Stock Up 3.9%

The stock has a fifty day moving average price of $43.55 and a 200-day moving average price of $39.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. GoalVest Advisory LLC lifted its position in shares of Goldman Sachs Physical Gold ETF by 103.7% during the 3rd quarter. GoalVest Advisory LLC now owns 137,749 shares of the company’s stock valued at $5,251,000 after acquiring an additional 70,129 shares during the period. HBK Sorce Advisory LLC purchased a new stake in Goldman Sachs Physical Gold ETF during the third quarter worth $3,085,000. World Investment Advisors grew its holdings in Goldman Sachs Physical Gold ETF by 87.1% in the third quarter. World Investment Advisors now owns 140,100 shares of the company’s stock valued at $5,341,000 after purchasing an additional 65,231 shares during the last quarter. Intrua Financial LLC purchased a new position in shares of Goldman Sachs Physical Gold ETF in the third quarter valued at $598,000. Finally, Farther Finance Advisors LLC raised its stake in shares of Goldman Sachs Physical Gold ETF by 515.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 5,555 shares of the company’s stock worth $182,000 after buying an additional 4,652 shares during the last quarter.

Goldman Sachs Physical Gold ETF Company Profile

(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.

Further Reading

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