17 Capital Partners LLC Takes $579,000 Position in Goldman Sachs Physical Gold ETF $AAAU

17 Capital Partners LLC acquired a new stake in shares of Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU) in the 4th quarter, HoldingsChannel reports. The firm acquired 13,616 shares of the company’s stock, valued at approximately $579,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its stake in Goldman Sachs Physical Gold ETF by 19.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 124,684 shares of the company’s stock valued at $4,753,000 after acquiring an additional 20,374 shares during the last quarter. GoalVest Advisory LLC raised 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. raised its stake in Goldman Sachs Physical Gold ETF by 10.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 571,600 shares of the company’s stock valued at $24,322,000 after acquiring an additional 52,000 shares during the last quarter. CLG LLC purchased a new position in shares of Goldman Sachs Physical Gold ETF during the 4th quarter worth approximately $11,961,000. Finally, Exchange Traded Concepts LLC raised its stake in shares of Goldman Sachs Physical Gold ETF by 45.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 747,358 shares of the company’s stock worth $31,800,000 after buying an additional 234,778 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 and silver found some support late in the week as spot gold stabilized near key support levels and buyers stepped in after a sharp selloff, raising hopes that a short-term bottom may be forming. Gold holds key $4,000 support as analysts watch for signs of a bottom
• Positive Sentiment: Geopolitical risk continues to provide a floor for bullion, with renewed Middle East uncertainty and U.S.-Iran talk headlines helping gold rebound intraday and keeping haven demand intact. Gold Price Analysis – Gold Jumps at Open on Friday
• Neutral Sentiment: Gold held roughly steady after better-than-expected U.S. consumer sentiment data, which eased some inflation fears but also signaled a still-resilient economy; that mix has kept traders cautious. Spot gold hovers near $4,200/oz after preliminary Consumer Sentiment rises to 48.9
• Negative Sentiment: Multiple reports point to a strong drag from rising Fed-rate expectations and stubborn inflation, with gold facing technical damage and pressure from lower safe-haven demand as stocks and risk assets firmed. Gold (XAUUSD) Price Forecast: Death Cross Threatens Gold Price as Fed Hike Bets Rise

Goldman Sachs Physical Gold ETF Price Performance

Shares of AAAU stock opened at $41.53 on Friday. The stock has a 50 day simple moving average of $45.27 and a 200-day simple moving average of $45.92. Goldman Sachs Physical Gold ETF has a 12-month low of $32.15 and a 12-month high of $54.71.

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.