Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU) Hits New 12-Month High at $25.60

Shares of Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU) hit a new 52-week high on Monday . The company traded as high as $25.60 and last traded at $25.56, with a volume of 93036 shares trading hands. The stock had previously closed at $25.55.

Goldman Sachs Physical Gold ETF Stock Down 0.7 %

The firm’s fifty day moving average price is $24.39 and its 200 day moving average price is $23.35.

Hedge Funds Weigh In On Goldman Sachs Physical Gold ETF

Institutional investors have recently made changes to their positions in the company. Aveo Capital Partners LLC acquired a new position in Goldman Sachs Physical Gold ETF in the 4th quarter worth about $1,385,000. L.M. Kohn & Company purchased a new position in Goldman Sachs Physical Gold ETF in the 4th quarter valued at about $314,000. Cambridge Investment Research Advisors Inc. boosted its holdings in Goldman Sachs Physical Gold ETF by 9.3% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 169,301 shares of the company’s stock worth $3,460,000 after buying an additional 14,385 shares during the last quarter. Fortis Capital Advisors LLC purchased a new stake in Goldman Sachs Physical Gold ETF during the 4th quarter worth approximately $484,000. Finally, Belpointe Asset Management LLC purchased a new stake in shares of Goldman Sachs Physical Gold ETF during the fourth quarter worth approximately $484,000.

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.