NEOS Investment Management LLC Increases Stock Holdings in Goldman Sachs Physical Gold ETF $AAAU

NEOS Investment Management LLC increased its stake in shares of Goldman Sachs Physical Gold ETF (BATS:AAAU) by 38.6% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 2,734,560 shares of the company’s stock after acquiring an additional 761,400 shares during the period. NEOS Investment Management LLC owned approximately 4.44% of Goldman Sachs Physical Gold ETF worth $108,207,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. GGM Financials LLC acquired a new stake in Goldman Sachs Physical Gold ETF in the fourth quarter valued at approximately $25,000. Ballast Advisors LLC acquired a new position in shares of Goldman Sachs Physical Gold ETF during the first quarter worth $34,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Goldman Sachs Physical Gold ETF in the third quarter valued at $34,000. Larson Financial Group LLC purchased a new position in shares of Goldman Sachs Physical Gold ETF in the third quarter valued at $38,000. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Goldman Sachs Physical Gold ETF by 14.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,830 shares of the company’s stock valued at $78,000 after purchasing an additional 230 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: Federal Reserve Governor Christopher Waller adopted a less-hawkish tone, while softer labor-market signals reduced rate-hike expectations. Lower yields and a weaker dollar reduce the opportunity cost of holding non-yielding gold. Gold, silver rally as Fed’s Waller cuts September hike odds
• Positive Sentiment: Central banks bought a net 23 metric tons of gold in July, led by China and Poland, reinforcing the longer-term demand and reserve-diversification case for AAAU. Central banks add 23 net tonnes of gold in July
• Positive Sentiment: Goldman Sachs and RBC maintained bullish outlooks, citing central-bank demand, de-dollarization, debt concerns and geopolitical uncertainty; technical analysts also view gold’s break above near-term resistance as opening further upside. Goldman Sachs sees gold price at $4,900 per ounce by year-end
• Neutral Sentiment: The Netherlands moved roughly 86 tons of gold from U.S. and Canadian storage to London for crisis preparedness and easier access. The move highlights geopolitical concerns and confidence in gold, although it does not materially change global bullion supply. Dutch central bank moves gold bars out of U.S. and Canada
• Negative Sentiment: Risks remain from Friday’s U.S. payrolls report and stronger economic data. The August ISM Services PMI exceeded expectations, while elevated 10-year Treasury yields could pressure gold if markets again price in tighter Fed policy. Gold price after ISM Services PMI rises

Goldman Sachs Physical Gold ETF Stock Up 1.9%

AAAU opened at $44.10 on Friday. Goldman Sachs Physical Gold ETF has a twelve month low of $34.91 and a twelve month high of $54.71. The company has a fifty day simple moving average of $41.73 and a 200 day simple moving average of $44.54.

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.