AAAU Stock Summary and Trading Ideas (Goldman Sachs Physical Gold ETF Shares | ARCA:AAAU)

The Trust s primary objective is to provide investors with an opportunity to invest in gold through the shares, and have the gold securely stored by Gold Corporation (the Custodial Sponsor). An additional objective of the Trust is for the shares to reflect the performance of the price of gold less the expenses of the Trust s operations. The Trust is not actively managed. Gold Corporation (the Custodial Sponsor) and Exchange Traded Concepts, LLC (the Administrative Sponsor and, together with Custodial Sponsor, the Sponsors) are the Trusts sponsors. Gold Corporation also serves as the custodian of the Trust s gold bullion, and The Bank of New York Mellon (BNYM) is the trustee of the Trust.

Goldman Sachs Physical Gold ETF Shares trades on the ARCA stock market under the symbol AAAU.

As of April 19, 2024, AAAU stock price climbed to $23.64 with 3,753,108 million shares trading.

AAAU has a beta of 0.04, meaning it tends to be less sensitive to market movements. AAAU has a correlation of 0.00 to the broad based SPY ETF.

AAAU has a market cap of $692.65 million. This is considered a Small Cap stock.

In the last 3 years, AAAU stock traded as high as $24.07 and as low as $16.06.

AAAU stock has underperformed the market in the last year with a return of +18.9%, while SPY returned +21.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in AAAU shares. However, AAAU has outperformed the market in the last 3 month and 2 week periods, returning +18.0% and +4.5%, while SPY returned +4.3% and -3.5%, respectively. This indicates AAAU has been having a stronger performance recently.

AAAU support price is $23.32 and resistance is $23.81 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AAAU stock will trade within this expected range on the day.