Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU) Sets New 12-Month High – Here’s Why

Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $30.44 and last traded at $30.38, with a volume of 102883 shares changing hands. The stock had previously closed at $30.22.

Goldman Sachs Physical Gold ETF Stock Performance

The firm has a 50-day moving average price of $28.68 and a 200-day moving average price of $27.09.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in shares of Goldman Sachs Physical Gold ETF in the fourth quarter valued at $16,500,000. JPMorgan Chase & Co. acquired a new position in shares of Goldman Sachs Physical Gold ETF in the 3rd quarter worth $52,000. Harbor Capital Advisors Inc. raised its position in shares of 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 period. Exchange Traded Concepts LLC purchased a new stake in shares of Goldman Sachs Physical Gold ETF during the fourth quarter valued at $89,000. Finally, Stifel Financial Corp lifted its holdings in shares of Goldman Sachs Physical Gold ETF by 65.5% during the third quarter. Stifel Financial Corp now owns 169,055 shares of the company’s stock valued at $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.