Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU) Sets New 12-Month High – What’s Next?

Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU) reached 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 traded. The stock had previously closed at $31.92.

Goldman Sachs Physical Gold ETF Stock Performance

The business has a 50 day moving average price of $29.75 and a 200-day moving average price of $27.64.

Hedge Funds Weigh In On Goldman Sachs Physical Gold ETF

Large investors have recently made changes to their positions in the stock. MML Investors Services LLC lifted its position in shares of Goldman Sachs Physical Gold ETF by 41.1% in the third quarter. MML Investors Services LLC now owns 50,673 shares of the company’s stock valued at $1,319,000 after acquiring an additional 14,756 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in Goldman Sachs Physical Gold ETF in the 3rd quarter worth about $52,000. CWA Asset Management Group LLC increased its stake in shares of Goldman Sachs Physical Gold ETF by 3.1% during the 4th quarter. CWA Asset Management Group LLC now owns 19,219 shares of the company’s stock valued at $498,000 after acquiring an additional 575 shares during the last quarter. Capital Market Strategies LLC boosted its position in shares of Goldman Sachs Physical Gold ETF by 15.8% in the fourth quarter. Capital Market Strategies LLC now owns 28,435 shares of the company’s stock worth $737,000 after acquiring an additional 3,885 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its position in 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 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.