Walser Wealth Management Company A Ltd Liability Co Invests $2.60 Million in Goldman Sachs Physical Gold ETF $AAAU

Walser Wealth Management Company A Ltd Liability Co acquired a new position in shares of Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU) in the fourth quarter, HoldingsChannel reports. The fund acquired 61,144 shares of the company’s stock, valued at approximately $2,602,000. Goldman Sachs Physical Gold ETF accounts for 1.4% of Walser Wealth Management Company A Ltd Liability Co’s holdings, making the stock its 6th biggest holding.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Corient Private Wealth LLC lifted its stake in Goldman Sachs Physical Gold ETF by 171.9% in the fourth quarter. Corient Private Wealth LLC now owns 23,007 shares of the company’s stock valued at $979,000 after buying an additional 14,545 shares during the period. First Commonwealth Financial Corp PA acquired a new position in shares of Goldman Sachs Physical Gold ETF during the 4th quarter worth about $502,000. NewEdge Advisors LLC grew its position in shares of Goldman Sachs Physical Gold ETF by 903.9% during the 4th quarter. NewEdge Advisors LLC now owns 60,989 shares of the company’s stock worth $2,595,000 after buying an additional 54,914 shares during the period. Tudor Investment Corp ET AL acquired a new position in shares of Goldman Sachs Physical Gold ETF during the 4th quarter worth about $1,655,000. Finally, Boothbay Fund Management LLC increased its stake in shares of Goldman Sachs Physical Gold ETF by 7.2% in the 4th quarter. Boothbay Fund Management LLC now owns 29,700 shares of the company’s stock valued at $1,264,000 after acquiring an additional 2,000 shares during the last quarter.

Goldman Sachs Physical Gold ETF Trading Down 0.5%

Shares of NYSEARCA:AAAU opened at $41.57 on Friday. The firm’s 50 day simple moving average is $44.95 and its 200 day simple moving average is $45.98. Goldman Sachs Physical Gold ETF has a fifty-two week low of $32.15 and a fifty-two week high of $54.71.

Trending Headlines about Goldman Sachs Physical Gold ETF

Here are the key news stories impacting Goldman Sachs Physical Gold ETF this week:

• Positive Sentiment: Some analysts still see longer-term support for gold from inflation risks, fiscal deficits, and ongoing geopolitical uncertainty, and central banks are expected to keep adding to gold reserves. Central banks are bringing gold reserves home as geopolitical risks rise
• Positive Sentiment: Gold also benefited earlier from safe-haven demand tied to Middle East tensions and U.S.-Iran uncertainty, which can support AAAU when risk aversion rises. Wall Street bears back in control after the Fed’s hawkish outlook, Main Street leans bullish despite gold’s backslide to $4,200/oz
• Neutral Sentiment: Gold remains volatile around key technical support levels, and some commentary suggests the metal may be trying to stabilize after a sharp pullback. Gold (XAU/USD) Price Forecast: Can Bulls Defend Fibonacci Support?
• Negative Sentiment: Multiple reports say spot gold has fallen as the dollar tested yearly highs and markets digested the Fed’s hawkish shift, a direct headwind for AAAU. Gold, silver sink as dollar tests yearly highs following hawkish Fed – Kitco PM Report
• Negative Sentiment: Stronger-than-expected U.S. data, including a rebound in the Philly Fed survey and steady jobless claims, reinforced expectations for tighter policy and added to gold’s decline. Gold prices remain under pressure as Philly Fed Survey rebounds to 10.3 in June

About Goldman Sachs Physical Gold ETF

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.