Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU) Sees Strong Trading Volume – Here’s What Happened

Shares of Goldman Sachs Physical Gold ETF (NYSEARCA:AAAUGet Free Report) saw an uptick in trading volume on Wednesday . 8,864,224 shares traded hands during trading, an increase of 155% from the previous session’s volume of 3,472,600 shares.The stock last traded at $52.10 and had previously closed at $51.08.

Trending Headlines about Goldman Sachs Physical Gold ETF

Here are the key news stories impacting Goldman Sachs Physical Gold ETF this week:

Goldman Sachs Physical Gold ETF Stock Performance

The firm’s 50-day simple moving average is $44.22 and its 200-day simple moving average is $39.30.

Hedge Funds Weigh In On Goldman Sachs Physical Gold ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. GoalVest Advisory LLC raised its holdings in Goldman Sachs Physical Gold ETF by 103.7% during the 3rd quarter. GoalVest Advisory LLC now owns 137,749 shares of the company’s stock valued at $5,251,000 after buying an additional 70,129 shares during the last quarter. HBK Sorce Advisory LLC purchased a new position in shares of Goldman Sachs Physical Gold ETF in the third quarter valued at about $3,085,000. Intrua Financial LLC bought a new position in shares of Goldman Sachs Physical Gold ETF during the third quarter valued at about $598,000. World Investment Advisors boosted its holdings in shares of Goldman Sachs Physical Gold ETF by 87.1% during the third quarter. World Investment Advisors now owns 140,100 shares of the company’s stock worth $5,341,000 after purchasing an additional 65,231 shares during the period. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of Goldman Sachs Physical Gold ETF by 11.8% during the second quarter. Janney Montgomery Scott LLC now owns 30,770 shares of the company’s stock worth $1,006,000 after purchasing an additional 3,250 shares during the period.

About Goldman Sachs Physical Gold ETF

(Get Free Report)

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.

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