Proficio Capital Partners LLC Has $30.06 Million Position in Goldman Sachs Physical Gold ETF $AAAU

Proficio Capital Partners LLC lowered its holdings in shares of Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU) by 28.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 759,580 shares of the company’s stock after selling 295,177 shares during the period. Goldman Sachs Physical Gold ETF makes up about 1.1% of Proficio Capital Partners LLC’s holdings, making the stock its 21st biggest position. Proficio Capital Partners LLC owned 1.23% of Goldman Sachs Physical Gold ETF worth $30,057,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. PNC Financial Services Group Inc. increased its holdings in shares of 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 acquiring an additional 230 shares in the last quarter. Grey Ledge Advisors LLC increased its position in shares of Goldman Sachs Physical Gold ETF by 1.2% during the first quarter. Grey Ledge Advisors LLC now owns 20,439 shares of the company’s stock valued at $944,000 after acquiring an additional 250 shares during the last quarter. Sanctuary Advisors LLC boosted its position in Goldman Sachs Physical Gold ETF by 3.3% in the fourth quarter. Sanctuary Advisors LLC now owns 9,254 shares of the company’s stock worth $394,000 after purchasing an additional 299 shares during the last quarter. PKS Advisory Services LLC grew its stake in Goldman Sachs Physical Gold ETF by 4.3% in the 4th quarter. PKS Advisory Services LLC now owns 7,228 shares of the company’s stock valued at $308,000 after purchasing an additional 300 shares during the period. Finally, Wood Tarver Financial Group LLC grew its stake in Goldman Sachs Physical Gold ETF by 5.8% in the 4th quarter. Wood Tarver Financial Group LLC now owns 6,260 shares of the company’s stock valued at $266,000 after purchasing an additional 341 shares during the period.

Goldman Sachs Physical Gold ETF News Roundup

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

• Positive Sentiment: U.S. Treasury plans to double its debt buybacks, renewing concerns about fiscal sustainability and potential dollar debasement. Julius Baer analysts said those concerns could support renewed demand for gold and silver, benefiting AAAU over the longer term. Treasury’s ramped-up bond buybacks soften the U.S. dollar and boost the gold price – Julius Baer
• Positive Sentiment: Renewed U.S.-Iran and Gulf tensions are providing some safe-haven support for bullion, although the accompanying oil-price surge is also lifting inflation and interest-rate risks. Gold slips as Warsh repricing, Hormuz oil spike lift rate risk – Kitco AM Report
• Positive Sentiment: Some strategists continue to view gold’s broader secular trend as intact, citing expanding global money supply, high government debt and limited central-bank ability to contain inflation. This supports the long-term investment case for AAAU, though the $20,000 gold target is highly speculative. Gold price is going to $20,000 as the Fed is ‘powerless’ to fight inflation

Goldman Sachs Physical Gold ETF Stock Down 0.1%

Shares of Goldman Sachs Physical Gold ETF stock opened at $43.88 on Tuesday. Goldman Sachs Physical Gold ETF has a 1 year low of $33.75 and a 1 year high of $54.71. The stock has a fifty day moving average price of $41.52 and a 200-day moving average price of $44.67.

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.