Goldman Sachs Physical Gold ETF (CBOE:AAAU) Sets New 52-Week High – Here’s Why

Goldman Sachs Physical Gold ETF (CBOE:AAAUGet Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $26.11 and last traded at $26.28, with a volume of 1983147 shares trading hands. The stock had previously closed at $26.02.

Goldman Sachs Physical Gold ETF Stock Up 0.9 %

The company’s fifty day moving average price is $26.39 and its two-hundred day moving average price is $24.92.

Goldman Sachs Physical Gold ETF Company Profile

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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 a vault in Perth, Australia. Investors can redeem their shares for gold coins and small bars. AAAU was launched on Jul 26, 2018 and is managed by Goldman Sachs.

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