46,947 Shares in Goldman Sachs Physical Gold ETF $AAAU Bought by Capstone Wealth Management Group LLC

Capstone Wealth Management Group LLC purchased a new position in shares of Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU) during the 4th quarter, Holdings Channel.com reports. The fund purchased 46,947 shares of the company’s stock, valued at approximately $1,998,000. Goldman Sachs Physical Gold ETF comprises approximately 1.2% of Capstone Wealth Management Group LLC’s holdings, making the stock its 26th biggest holding.

A number of other large investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its stake in shares of 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 worth $4,753,000 after purchasing an additional 20,374 shares during the last quarter. GoalVest Advisory LLC lifted its stake in Goldman Sachs Physical Gold ETF by 47.5% in the 4th quarter. GoalVest Advisory LLC now owns 203,122 shares of the company’s stock valued at $8,643,000 after purchasing an additional 65,373 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Goldman Sachs Physical Gold ETF by 10.0% in 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 purchasing an additional 52,000 shares during the last quarter. CLG LLC acquired a new stake in Goldman Sachs Physical Gold ETF in the 4th quarter valued at about $11,961,000. Finally, Exchange Traded Concepts LLC grew its holdings in 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 worth $31,800,000 after purchasing an additional 234,778 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:

• Negative Sentiment: Gold prices fell after the Federal Reserve signaled a more hawkish stance, raising the chance of higher rates and keeping pressure on non-yielding assets like gold. Fed’s hawkish turn sends gold tumbling as rate hike prospect looms
• Negative Sentiment: Spot gold and silver remained weaker as traders continued to price in tighter Fed policy, with physical premiums also softening. Hawkish Fed keeps pressure on gold as physical premiums soften – Kitco PM Report
• Negative Sentiment: Gold tested key support levels and may face another major downtrend if buyers fail to hold current technical zones. Gold (XAU/USD) Price Forecast: Support Test Could Shape Next Major Move
• Neutral Sentiment: Some analysts argue gold’s long-term bull market remains intact despite the Fed’s hawkish shift, suggesting the selloff may be a short-term pullback rather than a structural reversal. Gold’s bull market remains intact even with a hawkish Fed, says Axel Merk
• Neutral Sentiment: Gold’s price is sitting near support and traders are watching whether it can stabilize, which could determine the next move for gold-backed funds like AAAU. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Tests New Lows As Traders Focus On Hawkish Fed Policy Outlook

Goldman Sachs Physical Gold ETF Stock Performance

Goldman Sachs Physical Gold ETF stock opened at $41.57 on Monday. The stock has a 50-day simple moving average of $44.85 and a 200 day simple moving average of $45.98. Goldman Sachs Physical Gold ETF has a 52 week low of $32.15 and a 52 week 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.