Geneos Wealth Management Inc. Has $5.68 Million Stock Position in Goldman Sachs Physical Gold ETF $AAAU

Geneos Wealth Management Inc. cut its stake in Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU) by 10.6% in the first quarter, HoldingsChannel.com reports. The fund owned 123,010 shares of the company’s stock after selling 14,527 shares during the period. Geneos Wealth Management Inc.’s holdings in Goldman Sachs Physical Gold ETF were worth $5,682,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. GGM Financials LLC acquired a new stake in Goldman Sachs Physical Gold ETF during the 4th quarter worth approximately $25,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Goldman Sachs Physical Gold ETF in the third quarter valued at approximately $34,000. Larson Financial Group LLC bought a new stake in shares of Goldman Sachs Physical Gold ETF during the third quarter worth $38,000. Darwin Wealth Management LLC bought a new stake in shares of Goldman Sachs Physical Gold ETF during the second quarter worth $67,000. Finally, PNC Financial Services Group Inc. raised 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 worth $78,000 after acquiring an additional 230 shares during the period.

Goldman Sachs Physical Gold ETF Stock Down 1.9%

AAAU opened at $39.22 on Friday. Goldman Sachs Physical Gold ETF has a 12 month low of $32.27 and a 12 month high of $54.71. The firm’s fifty day simple moving average is $42.44 and its 200 day simple moving average is $45.65.

Key Stories Impacting Goldman Sachs Physical Gold ETF

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

• Negative Sentiment: Gold prices fell as robust U.S. data, including stronger retail sales, jobless claims, and the Philadelphia Fed survey, reduced expectations for near-term Fed easing and lifted yields. Gold breaks $4,000 as yields rise, Fed-rate relief fades – Kitco PM Report
• Negative Sentiment: Technical analysts say gold is losing momentum after being rejected at resistance, with traders watching whether key support levels fail and trigger a deeper pullback. Gold (XAU/USD) Price Forecast: Will Gold Break Below Major Support Levels?
• Negative Sentiment: Bank of America said gold could still move lower in the near term, even though it views any dip as a potential buying opportunity. Gold prices can go lower, but Bank of America suggests buying the dip and averaging down
• Neutral Sentiment: Some strategists remain constructive on the longer-term gold trend, saying the recent pullback does not necessarily end the bull market and that investors may still look to add exposure on weakness. Gold’s Pullback Doesn’t Mean the Bull Market Is Over
• Neutral Sentiment: Fidelity’s Samson said gold could regain favor in portfolios in 2027, but that view points to a longer-term thesis rather than an immediate catalyst for AAAU. ‘We have a plan to go overweight gold again’ – Fidelity’s Samson predicts return to bull market in 2027

Goldman Sachs Physical Gold ETF Company 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.