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

Shares of Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU) reached a new 52-week high on Friday . The company traded as high as $30.44 and last traded at $30.38, with a volume of 102883 shares trading hands. The stock had previously closed at $30.22.

Goldman Sachs Physical Gold ETF Price Performance

The company has a 50-day moving average price of $28.60 and a 200-day moving average price of $27.03.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AAAU. Proficio Capital Partners LLC lifted 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 purchasing an additional 10,219,630 shares in the last quarter. Wellspring Financial Advisors LLC lifted its stake in Goldman Sachs Physical Gold ETF by 7.1% in the fourth quarter. Wellspring Financial Advisors LLC now owns 1,392,818 shares of the company’s stock valued at $36,123,000 after buying an additional 92,675 shares in the last quarter. Jane Street Group LLC lifted its stake in Goldman Sachs Physical Gold ETF by 7,165.2% in the fourth quarter. Jane Street Group LLC now owns 643,410 shares of the company’s stock valued at $16,687,000 after buying an additional 634,554 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Goldman Sachs Physical Gold ETF during the fourth quarter worth $16,500,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of Goldman Sachs Physical Gold ETF during the third quarter worth $8,712,000.

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.