Goldman Sachs Physical Gold ETF (CBOE:AAAU) Shares Down 10.1% – Should You Sell?

Goldman Sachs Physical Gold ETF (CBOE:AAAUGet Free Report)’s share price fell 10.1% during mid-day trading on Monday . The company traded as low as $46.22 and last traded at $47.86. 26,933,093 shares changed hands during mid-day trading, an increase of 1,838% from the average session volume of 1,390,052 shares. The stock had previously closed at $53.21.

Goldman Sachs Physical Gold ETF Stock Performance

The stock’s 50-day moving average is $44.22 and its 200 day moving average is $39.38.

About Goldman Sachs Physical Gold ETF

(Get Free Report)

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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