Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU) Sets New 12-Month High – Time to Buy?

Shares of Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU) reached a new 52-week high on Thursday . The stock traded as high as $30.98 and last traded at $30.91, with a volume of 702679 shares traded. The stock had previously closed at $30.88.

Goldman Sachs Physical Gold ETF Trading Down 0.5 %

The stock has a fifty day moving average of $28.91 and a 200-day moving average of $27.20.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new stake in shares of Goldman Sachs Physical Gold ETF in the fourth quarter valued at about $16,500,000. JPMorgan Chase & Co. bought a new position in shares of Goldman Sachs Physical Gold ETF in the third quarter valued at $52,000. Harbor Capital Advisors Inc. increased its holdings in Goldman Sachs Physical Gold ETF by 13.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 9,246 shares of the company’s stock worth $240,000 after buying an additional 1,105 shares during the last quarter. Exchange Traded Concepts LLC bought a new stake in Goldman Sachs Physical Gold ETF during the fourth quarter worth $89,000. Finally, Stifel Financial Corp increased its stake in shares of Goldman Sachs Physical Gold ETF by 65.5% during the 3rd quarter. Stifel Financial Corp now owns 169,055 shares of the company’s stock worth $4,400,000 after purchasing an additional 66,889 shares during the last quarter.

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.