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

Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $27.07 and last traded at $27.07, with a volume of 3507 shares changing hands. The stock had previously closed at $26.90.

Goldman Sachs Physical Gold ETF Trading Up 1.1 %

The stock’s 50-day moving average is $25.55 and its 200-day moving average is $24.15.

Institutional Inflows and Outflows

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

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.