Foundations Investment Advisors LLC raised its stake in shares of Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU – Free Report) by 63.7% during the fourth quarter, HoldingsChannel reports. The fund owned 119,270 shares of the company’s stock after acquiring an additional 46,391 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Goldman Sachs Physical Gold ETF were worth $5,075,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of AAAU. GGM Financials LLC bought a new position in shares of Goldman Sachs Physical Gold ETF in the 4th quarter worth about $25,000. Northwestern Mutual Wealth Management Co. bought a new stake in Goldman Sachs Physical Gold ETF in the 3rd quarter valued at about $34,000. Anfield Capital Management LLC bought a new stake in Goldman Sachs Physical Gold ETF in the 3rd quarter valued at about $36,000. Larson Financial Group LLC bought a new stake in Goldman Sachs Physical Gold ETF in the 3rd quarter valued at about $38,000. Finally, Darwin Wealth Management LLC bought a new stake in Goldman Sachs Physical Gold ETF in the 2nd quarter valued at about $67,000.
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 rebounded after softer U.S. growth and weaker labor data, with traders betting the Federal Reserve may have room to cut rates later this year, which supports non-yielding assets like gold. Gold rebounds as weak GDP offsets Hormuz risk – Kitco PM Report
- Positive Sentiment: Weaker-than-expected U.S. new home sales and rising jobless claims added to signs of cooling economic momentum, which can increase demand for gold as a defensive asset. Gold price finding new support as U.S. New home sales drop 6.2% in April
- Positive Sentiment: Some analysts see gold building a technical base near its 200-day moving average, suggesting the recent selloff may be stabilizing if buyers step in near support. Gold (XAU/USD) Price Forecast: Reversal Signals Build Near 200-Day
- Neutral Sentiment: Gold remains highly sensitive to the next move in U.S.-Iran headlines, with some reports saying traders are weighing whether a potential deal could reduce geopolitical risk and lower safe-haven demand. Gold Edges Lower as Traders Assess Potential U.S.-Iran Deal
- Neutral Sentiment: Some market commentary says gold’s longer-term bullish case is intact, but near-term trading is being pressured by higher yields and a firmer dollar. Gold Price Analysis – Gold Continues to Move with Bond Yields
- Negative Sentiment: Gold also faced pressure as strong durable goods data, a firmer dollar, and rising Treasury yields reduced demand for the metal, which does not pay interest. Gold off session lows after U.S. durable goods rise 7.9% in April
- Negative Sentiment: Several reports note that gold has slipped below key support levels near $4,500 and $4,400, with some analysts describing the move as a technical breakdown that could keep ETF flows under pressure. Gold tumbles to two-month low as inflation hedge status fades
Goldman Sachs Physical Gold ETF Trading Up 1.0%
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.
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Want to see what other hedge funds are holding AAAU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU – Free Report).
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