Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU) Sees Large Volume Increase – Here’s Why

Goldman Sachs Physical Gold ETF (NYSEARCA:AAAUGet Free Report) saw unusually-strong trading volume on Wednesday . Approximately 8,864,224 shares changed hands during mid-day 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 Price Performance

The business has a 50 day simple moving average of $43.55 and a two-hundred day simple moving average of $39.00.

Institutional Trading of Goldman Sachs Physical Gold ETF

Several hedge funds and other institutional investors have recently made changes to their positions in AAAU. Northwestern Mutual Wealth Management Co. acquired a new stake in Goldman Sachs Physical Gold ETF during the 3rd quarter worth about $34,000. Anfield Capital Management LLC acquired a new stake in shares of Goldman Sachs Physical Gold ETF during the third quarter worth about $36,000. Larson Financial Group LLC purchased a new stake in Goldman Sachs Physical Gold ETF in the third quarter valued at approximately $38,000. Beacon Capital Management Inc. purchased a new stake in Goldman Sachs Physical Gold ETF in the second quarter valued at approximately $43,000. Finally, Darwin Wealth Management LLC acquired a new position in Goldman Sachs Physical Gold ETF in the 2nd quarter worth approximately $67,000.

About Goldman Sachs Physical Gold ETF

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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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