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

Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $32.68 and last traded at $32.68, with a volume of 11846 shares trading hands. The stock had previously closed at $31.92.

Goldman Sachs Physical Gold ETF Price Performance

The stock’s fifty day moving average is $29.75 and its two-hundred day moving average is $27.64.

Institutional Trading of Goldman Sachs Physical Gold ETF

Hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC bought a new position in shares of Goldman Sachs Physical Gold ETF in the first quarter valued at approximately $28,000. Sunbelt Securities Inc. bought a new stake in shares of Goldman Sachs Physical Gold ETF in the 4th quarter worth $40,000. JPMorgan Chase & Co. bought a new position in Goldman Sachs Physical Gold ETF during the third quarter valued at about $52,000. Compass Financial Services Inc acquired a new position in Goldman Sachs Physical Gold ETF during the fourth quarter worth about $55,000. Finally, Ameriflex Group Inc. acquired a new stake in Goldman Sachs Physical Gold ETF in the 4th quarter valued at about $57,000.

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.