Goldman Sachs Physical Gold ETF (CBOE:AAAU) Hits New 12-Month High at $24.07

Goldman Sachs Physical Gold ETF (CBOE:AAAU) reached a new 52-week high during trading on Monday . The company traded as high as $24.07 and last traded at $23.62, with a volume of 5662797 shares trading hands. The stock had previously closed at $23.19.

Goldman Sachs Physical Gold ETF Price Performance

The business has a 50-day moving average of $21.34 and a 200 day moving average of $20.31.

Institutional Investors Weigh In On Goldman Sachs Physical Gold ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. Stifel Financial Corp raised its holdings in shares of Goldman Sachs Physical Gold ETF by 116.8% in the second quarter. Stifel Financial Corp now owns 472,246 shares of the company’s stock worth $8,989,000 after buying an additional 254,455 shares during the period. Jane Street Group LLC purchased a new stake in shares of Goldman Sachs Physical Gold ETF in the third quarter worth approximately $6,517,000. Cetera Advisor Networks LLC raised its holdings in shares of Goldman Sachs Physical Gold ETF by 476.9% in the fourth quarter. Cetera Advisor Networks LLC now owns 238,552 shares of the company’s stock worth $4,315,000 after buying an additional 197,202 shares during the period. Equitable Holdings Inc. raised its holdings in shares of Goldman Sachs Physical Gold ETF by 125.6% in the first quarter. Equitable Holdings Inc. now owns 121,512 shares of the company’s stock worth $2,337,000 after buying an additional 67,647 shares during the period. Finally, Osaic Holdings Inc. raised its holdings in shares of Goldman Sachs Physical Gold ETF by 40.0% in the second quarter. Osaic Holdings Inc. now owns 121,155 shares of the company’s stock worth $2,306,000 after buying an additional 34,633 shares during the period.

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 a vault in Perth, Australia. Investors can redeem their shares for gold coins and small bars. AAAU was launched on Jul 26, 2018 and is managed by Goldman Sachs.