Capstone Wealth Management Group LLC Has $3.19 Million Position in Goldman Sachs Physical Gold ETF $AAAU

Capstone Wealth Management Group LLC boosted its holdings in Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU) by 47.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 69,044 shares of the company’s stock after acquiring an additional 22,097 shares during the period. Goldman Sachs Physical Gold ETF accounts for 1.3% of Capstone Wealth Management Group LLC’s holdings, making the stock its 22nd biggest position. Capstone Wealth Management Group LLC’s holdings in Goldman Sachs Physical Gold ETF were worth $3,189,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Integrated Wealth Concepts LLC boosted its position in Goldman Sachs Physical Gold ETF by 17.9% during the first quarter. Integrated Wealth Concepts LLC now owns 9,583 shares of the company’s stock worth $296,000 after purchasing an additional 1,453 shares during the period. JPMorgan Chase & Co. raised its position in shares of Goldman Sachs Physical Gold ETF by 52.9% in the second quarter. JPMorgan Chase & Co. now owns 73,967 shares of the company’s stock valued at $2,417,000 after purchasing an additional 25,585 shares during the period. Cerity Partners LLC lifted its stake in shares of Goldman Sachs Physical Gold ETF by 0.3% during the 2nd quarter. Cerity Partners LLC now owns 113,484 shares of the company’s stock worth $3,709,000 after buying an additional 348 shares during the last quarter. Darwin Wealth Management LLC acquired a new stake in shares of Goldman Sachs Physical Gold ETF during the 2nd quarter worth about $67,000. Finally, Raymond James Financial Inc. boosted its holdings in shares of Goldman Sachs Physical Gold ETF by 3.5% during the 2nd quarter. Raymond James Financial Inc. now owns 676,500 shares of the company’s stock worth $22,108,000 after buying an additional 22,937 shares during the period.

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 bulls remain supported by reports that central banks, including China’s, are still buying gold on dips, reinforcing long-term demand for bullion and ETFs like AAAU. China’s central bank buys the dip, increasing gold reserves by 15 tonnes in June
• Positive Sentiment: Several analysts and forecasts say gold may be forming a floor after the recent correction, with some still calling for much higher prices later in the cycle if safe-haven demand and central-bank buying persist. Gold Price Forecast: Why the Next Major Move Could Target $7,000+
• Positive Sentiment: Weak U.S. labor data and softer inflation or rate-cut expectations have recently improved the outlook for gold ETFs, since lower yields and a weaker dollar typically support bullion prices. Gold ETFs Back in Focus as Weak Jobs Data, Softer Dollar Boost Bullion Rally
• Neutral Sentiment: Gold is attempting a technical recovery, but traders are watching major resistance levels and Fed-related catalysts to see whether the bounce can continue. Gold (XAU/USD) Price Forecast: Recovery Attempt Tests Major Trend Barriers
• Neutral Sentiment: Recent commentary also suggests gold may be consolidating after a sharp selloff, with the market trying to determine whether the worst of the liquidation is over. Gold price may have found its floor as liquidation gives way to consolidation – Saxo Bank
• Negative Sentiment: Gold has also faced pressure from rising Treasury yields, a firmer U.S. dollar, and stronger oil prices, all of which can weigh on bullion and ETFs like AAAU in the short term. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Moves Lower As Treasury Yields Rise
• Negative Sentiment: Several updates note that gold has struggled to break key resistance around the $4,200 area, with traders waiting on Fed minutes and other data before committing to a stronger bullish move. Gold Falls as Investors Await Fed Minutes

Goldman Sachs Physical Gold ETF Trading Down 1.1%

Shares of AAAU opened at $40.57 on Wednesday. Goldman Sachs Physical Gold ETF has a 52 week low of $32.27 and a 52 week high of $54.71. The firm’s 50-day simple moving average is $43.22 and its 200 day simple moving average is $45.84.

Goldman Sachs Physical Gold ETF Company 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.