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

Corient Private Wealth LLC increased its position in shares of Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU) by 171.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 23,007 shares of the company’s stock after buying an additional 14,545 shares during the quarter. Corient Private Wealth LLC’s holdings in Goldman Sachs Physical Gold ETF were worth $979,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. J. Stern & Co. LLP lifted its position in Goldman Sachs Physical Gold ETF by 4,155.0% during the 4th quarter. J. Stern & Co. LLP now owns 902,486 shares of the company’s stock worth $38,401,000 after acquiring an additional 881,276 shares during the last quarter. CLG LLC acquired a new stake in shares of Goldman Sachs Physical Gold ETF in the fourth quarter valued at about $11,961,000. Exchange Traded Concepts LLC grew its position in shares of Goldman Sachs Physical Gold ETF by 45.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 747,358 shares of the company’s stock valued at $31,800,000 after purchasing an additional 234,778 shares during the last quarter. Kestra Advisory Services LLC increased its stake in shares of Goldman Sachs Physical Gold ETF by 263.6% in the fourth quarter. Kestra Advisory Services LLC now owns 283,778 shares of the company’s stock worth $12,075,000 after purchasing an additional 205,733 shares during the period. Finally, Proficio Capital Partners LLC increased its stake in shares of Goldman Sachs Physical Gold ETF by 24.8% in the third quarter. Proficio Capital Partners LLC now owns 854,085 shares of the company’s stock worth $32,558,000 after purchasing an additional 169,905 shares during the period.

Trending Headlines about Goldman Sachs Physical Gold ETF

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 Performance

Shares of NYSEARCA:AAAU opened at $40.63 on Friday. The business has a 50 day moving average price of $43.57 and a 200 day moving average price of $45.88. Goldman Sachs Physical Gold ETF has a twelve month low of $32.27 and a twelve month high of $54.71.

About Goldman Sachs Physical Gold ETF

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.