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

Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $29.00 and last traded at $28.98, with a volume of 694423 shares traded. The stock had previously closed at $28.53.

Goldman Sachs Physical Gold ETF Trading Up 1.6 %

The business has a fifty day moving average price of $26.95 and a 200-day moving average price of $26.17.

Institutional Investors Weigh In On Goldman Sachs Physical Gold ETF

Several institutional investors have recently made changes to their positions in the stock. CWA Asset Management Group LLC boosted its stake in shares of Goldman Sachs Physical Gold ETF by 3.1% in the fourth quarter. CWA Asset Management Group LLC now owns 19,219 shares of the company’s stock valued at $498,000 after buying an additional 575 shares during the period. Boothbay Fund Management LLC lifted its stake in Goldman Sachs Physical Gold ETF by 7.5% during the fourth quarter. Boothbay Fund Management LLC now owns 8,600 shares of the company’s stock worth $223,000 after purchasing an additional 600 shares during the last quarter. S.A. Mason LLC lifted its stake in Goldman Sachs Physical Gold ETF by 14.2% during the fourth quarter. S.A. Mason LLC now owns 8,040 shares of the company’s stock worth $209,000 after purchasing an additional 1,000 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake 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 purchasing an additional 1,105 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its stake in Goldman Sachs Physical Gold ETF by 3.8% during the fourth quarter. D.A. Davidson & CO. now owns 34,010 shares of the company’s stock worth $882,000 after purchasing an additional 1,234 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.