Sage Rhino Capital LLC Trims Position in Goldman Sachs Physical Gold ETF $AAAU

Sage Rhino Capital LLC lowered its position in shares of Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU) by 56.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,212 shares of the company’s stock after selling 20,826 shares during the quarter. Sage Rhino Capital LLC’s holdings in Goldman Sachs Physical Gold ETF were worth $749,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the business. GoalVest Advisory LLC boosted its stake in Goldman Sachs Physical Gold ETF by 47.5% during the 4th quarter. GoalVest Advisory LLC now owns 203,122 shares of the company’s stock valued at $8,643,000 after acquiring an additional 65,373 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Goldman Sachs Physical Gold ETF by 10.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 571,600 shares of the company’s stock valued at $24,322,000 after purchasing an additional 52,000 shares during the period. CLG LLC bought a new stake in Goldman Sachs Physical Gold ETF during the 4th quarter valued at $11,961,000. Exchange Traded Concepts LLC raised its stake in shares of Goldman Sachs Physical Gold ETF by 45.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 747,358 shares of the company’s stock valued at $31,800,000 after purchasing an additional 234,778 shares in the last quarter. Finally, American National Bank & Trust grew its position in Goldman Sachs Physical Gold ETF by 1,111.6% in the 4th quarter. American National Bank & Trust now owns 25,443 shares of the company’s stock valued at $1,083,000 after buying an additional 23,343 shares in the last quarter.

Key Stories Impacting Goldman Sachs Physical Gold ETF

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

• Positive Sentiment: Gold ETF demand is improving as weak jobs data, a softer dollar, and easing inflation/oil pressures strengthen the case for lower Fed rates, which is supportive for physical gold funds like AAAU. Gold ETFs Back in Focus as Weak Jobs Data, Softer Dollar Boost Bullion Rally
• Positive Sentiment: Gold continues to benefit from official-sector buying and constrained mine supply, with several analysts arguing the metal may have found a floor after its recent correction. Gold price may have found its floor as liquidation gives way to consolidation – Saxo Bank
• Neutral Sentiment: Gold is holding above key support around $4,100, but traders are fading part of the recent rally as Treasury yields and the U.S. dollar firm ahead of Fed minutes. Gold holds above $4,100 as Fed minutes, Hormuz risk lift yields – Kitco AM Report
• Neutral Sentiment: Short-term technical commentary says gold is still trying to establish a floor and faces heavy resistance near recent breakout levels, suggesting continued choppy trading for AAAU. Gold Price Analysis – Gold Clings to $4,000 Floor Facing Heavy Moving Average Resistance
• Negative Sentiment: Some reports say gold is still struggling to break through resistance near $4,200, while stronger U.S. services data and firmer market conditions could delay a sustained upside move. Gold price continues to struggle as U.S. ISM Services PMI falls 54

Goldman Sachs Physical Gold ETF Stock Down 0.4%

Shares of AAAU stock traded down $0.16 during midday trading on Tuesday, reaching $40.88. 227,481 shares of the company were exchanged, compared to its average volume of 3,159,516. The company’s 50 day moving average price is $43.45 and its two-hundred day moving average price is $45.86. Goldman Sachs Physical Gold ETF has a 12 month low of $32.27 and a 12 month high of $54.71.

Goldman Sachs Physical Gold ETF Profile

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.