Corient Private Wealth LLC Has $979,000 Position in Goldman Sachs Physical Gold ETF $AAAU

Corient Private Wealth LLC boosted its holdings in shares of Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU) by 171.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,007 shares of the company’s stock after acquiring an additional 14,545 shares during the quarter. Corient Private Wealth LLC’s holdings in Goldman Sachs Physical Gold ETF were worth $979,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in AAAU. GGM Financials LLC bought a new position in shares of Goldman Sachs Physical Gold ETF during the 4th quarter valued at $25,000. Northwestern Mutual Wealth Management Co. bought a new stake in Goldman Sachs Physical Gold ETF in the third quarter worth $34,000. Larson Financial Group LLC bought a new stake in Goldman Sachs Physical Gold ETF in the third quarter worth $38,000. Darwin Wealth Management LLC acquired a new position in Goldman Sachs Physical Gold ETF during the second quarter worth $67,000. Finally, PNC Financial Services Group Inc. raised its holdings in Goldman Sachs Physical Gold ETF by 14.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,830 shares of the company’s stock valued at $78,000 after buying an additional 230 shares in the last quarter.

More Goldman Sachs Physical Gold ETF News

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

• Positive Sentiment: Gold rose sharply after the June jobs report came in weaker than expected, with traders viewing the softer labor market as a sign the Fed may have less reason to keep rates elevated. Article Title
• Positive Sentiment: Spot gold reclaimed the $4,100 level, supported by weaker payrolls, softer Fed hike expectations, and a lower U.S. dollar, which is typically bullish for gold-backed ETFs like AAAU. Article Title
• Positive Sentiment: Several analysts said gold may be near fair value or still in a long-term bull market, with central bank buying and official-sector demand helping limit downside risk and support the case for another leg higher. Article Title
• Positive Sentiment: Central banks are still seen as buying gold, and that structural demand is helping offset concerns that the recent correction marks the end of gold’s broader uptrend. Article Title
• Neutral Sentiment: Some technical commentary notes that gold is still facing resistance near key moving averages and that the broader downtrend has not fully disappeared, which could limit near-term upside. Article Title
• Negative Sentiment: Some reports warn that high interest rates and bearish consolidation below recent highs could keep pressure on gold if the market refocuses on rate risk or stronger economic data. Article Title

Goldman Sachs Physical Gold ETF Stock Up 2.0%

Shares of NYSEARCA:AAAU opened at $40.63 on Friday. Goldman Sachs Physical Gold ETF has a fifty-two week low of $32.27 and a fifty-two week high of $54.71. The business has a 50-day moving average of $43.57 and a two-hundred day moving average of $45.88.

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.