Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU) Hits New 52-Week High at $25.60

Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU) hit a new 52-week high during trading on Monday . The company traded as high as $25.60 and last traded at $25.56, with a volume of 93036 shares changing hands. The stock had previously closed at $25.55.

Goldman Sachs Physical Gold ETF Stock Down 0.7 %

The stock’s 50 day simple moving average is $24.39 and its two-hundred day simple moving average is $23.35.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Oliver Lagore Vanvalin Investment Group raised its position in shares of Goldman Sachs Physical Gold ETF by 38.1% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 489,472 shares of the company’s stock valued at $11,260,000 after buying an additional 135,128 shares during the period. EverSource Wealth Advisors LLC acquired a new stake in Goldman Sachs Physical Gold ETF during the second quarter worth $1,032,000. Axxcess Wealth Management LLC raised its position in Goldman Sachs Physical Gold ETF by 2.4% in the second quarter. Axxcess Wealth Management LLC now owns 112,888 shares of the company’s stock valued at $2,597,000 after purchasing an additional 2,606 shares during the period. ICA Group Wealth Management LLC acquired a new stake in shares of Goldman Sachs Physical Gold ETF during the second quarter valued at about $35,000. Finally, Essex Financial Services Inc. acquired a new stake in Goldman Sachs Physical Gold ETF in the 2nd quarter valued at approximately $1,694,000.

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.