Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU) Hits New 1-Year High – Should You Buy?

Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU)’s share price reached a new 52-week high on Tuesday . The company traded as high as $29.00 and last traded at $28.98, with a volume of 694423 shares. The stock had previously closed at $28.53.

Goldman Sachs Physical Gold ETF Stock Performance

The stock’s fifty day moving average price is $27.05 and its two-hundred day moving average price is $26.21.

Institutional Trading of Goldman Sachs Physical Gold ETF

Several institutional investors and hedge funds have recently bought and sold shares of AAAU. Proficio Capital Partners LLC increased its stake in shares of Goldman Sachs Physical Gold ETF by 1,478.7% during the fourth quarter. Proficio Capital Partners LLC now owns 10,910,736 shares of the company’s stock valued at $283,024,000 after purchasing an additional 10,219,630 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Goldman Sachs Physical Gold ETF during the fourth quarter valued at approximately $16,500,000. Jane Street Group LLC increased its stake in shares of Goldman Sachs Physical Gold ETF by 7,165.2% during the fourth quarter. Jane Street Group LLC now owns 643,410 shares of the company’s stock valued at $16,687,000 after purchasing an additional 634,554 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of Goldman Sachs Physical Gold ETF during the third quarter valued at approximately $8,712,000. Finally, International Assets Investment Management LLC increased its stake in shares of Goldman Sachs Physical Gold ETF by 3,771.3% during the third quarter. International Assets Investment Management LLC now owns 325,963 shares of the company’s stock valued at $84,850,000 after purchasing an additional 317,543 shares in 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.