Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU) Reaches New 52-Week High – Should You Buy?

Shares of Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU) reached a new 52-week high on Monday . The stock traded as high as $29.13 and last traded at $29.03, with a volume of 138695 shares. The stock had previously closed at $29.01.

Goldman Sachs Physical Gold ETF Stock Performance

The stock’s 50 day moving average is $27.10 and its 200 day moving average is $26.29.

Hedge Funds Weigh In On Goldman Sachs Physical Gold ETF

A number of hedge funds have recently modified their holdings of the stock. Proficio Capital Partners LLC increased its holdings in shares of Goldman Sachs Physical Gold ETF by 1,478.7% during the 4th quarter. Proficio Capital Partners LLC now owns 10,910,736 shares of the company’s stock valued at $283,024,000 after acquiring an additional 10,219,630 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Goldman Sachs Physical Gold ETF during the 4th quarter worth about $16,500,000. Jane Street Group LLC boosted its stake in Goldman Sachs Physical Gold ETF by 7,165.2% during the 4th 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 during the period. Quadrature Capital Ltd bought a new position in Goldman Sachs Physical Gold ETF in the 3rd quarter worth approximately $8,712,000. Finally, International Assets Investment Management LLC lifted its holdings 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 worth $84,850,000 after buying an additional 317,543 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.