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

Shares of Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU) hit a new 52-week high on Tuesday . The stock traded as high as $28.79 and last traded at $28.75, with a volume of 1732394 shares trading hands. The stock had previously closed at $28.28.

Goldman Sachs Physical Gold ETF Trading Up 1.7 %

The business has a fifty day moving average of $26.59 and a 200-day moving average of $25.93.

Hedge Funds Weigh In On Goldman Sachs Physical Gold ETF

Several hedge funds have recently made changes to their positions in the business. Private Trust Co. NA purchased a new stake in shares of Goldman Sachs Physical Gold ETF during the third quarter valued at $34,000. Truvestments Capital LLC acquired a new stake in Goldman Sachs Physical Gold ETF during the 3rd quarter worth about $48,000. JPMorgan Chase & Co. purchased a new stake in Goldman Sachs Physical Gold ETF during the third quarter valued at about $52,000. Compass Financial Services Inc acquired a new position in shares of Goldman Sachs Physical Gold ETF in the fourth quarter worth about $55,000. Finally, Darwin Wealth Management LLC purchased a new position in shares of Goldman Sachs Physical Gold ETF in the third quarter worth approximately $65,000.

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.