Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU) Reaches New 52-Week High – Should You Buy?

Shares of Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU) reached a new 52-week high on Thursday . The company traded as high as $29.40 and last traded at $29.37, with a volume of 641152 shares changing hands. The stock had previously closed at $28.98.

Goldman Sachs Physical Gold ETF Price Performance

The company’s 50-day simple moving average is $27.97 and its two-hundred day simple moving average is $26.71.

Institutional Trading of Goldman Sachs Physical Gold ETF

Several institutional investors have recently made changes to their positions in the business. Proficio Capital Partners LLC lifted its stake in Goldman Sachs Physical Gold ETF by 1,478.7% in the 4th quarter. Proficio Capital Partners LLC now owns 10,910,736 shares of the company’s stock worth $283,024,000 after purchasing an additional 10,219,630 shares in the last quarter. Wellspring Financial Advisors LLC increased its stake in Goldman Sachs Physical Gold ETF by 7.1% in the 4th quarter. Wellspring Financial Advisors LLC now owns 1,392,818 shares of the company’s stock worth $36,123,000 after acquiring an additional 92,675 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of Goldman Sachs Physical Gold ETF by 7,165.2% during the 4th quarter. Jane Street Group LLC now owns 643,410 shares of the company’s stock worth $16,687,000 after acquiring an additional 634,554 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Goldman Sachs Physical Gold ETF during the 4th quarter valued at approximately $16,500,000. Finally, Quadrature Capital Ltd purchased a new position in shares of Goldman Sachs Physical Gold ETF in the third quarter valued at $8,712,000.

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.