Goldman Sachs Physical Gold ETF (CBOE:AAAU) Trading 1.7% Higher – Here’s What Happened

Goldman Sachs Physical Gold ETF (CBOE:AAAUGet Free Report) rose 1.7% during trading on Wednesday . The stock traded as high as $29.04 and last traded at $29.01. Approximately 1,260,041 shares traded hands during trading, a decline of 9% from the average daily volume of 1,390,052 shares. The stock had previously closed at $28.53.

Goldman Sachs Physical Gold ETF Stock Performance

The firm has a 50 day moving average of $26.94 and a 200 day moving average of $26.17.

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 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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