Walser Wealth Management Company A Ltd Liability Co Takes $2.60 Million Position in Goldman Sachs Physical Gold ETF $AAAU

Walser Wealth Management Company A Ltd Liability Co purchased a new stake in Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 61,144 shares of the company’s stock, valued at approximately $2,602,000. Goldman Sachs Physical Gold ETF comprises 1.4% of Walser Wealth Management Company A Ltd Liability Co’s portfolio, making the stock its 6th largest holding. Walser Wealth Management Company A Ltd Liability Co owned 0.10% of Goldman Sachs Physical Gold ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its holdings in Goldman Sachs Physical Gold ETF by 14.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,830 shares of the company’s stock worth $78,000 after purchasing an additional 230 shares during the last quarter. Lcnb Corp boosted its stake in shares of Goldman Sachs Physical Gold ETF by 2.8% in the 3rd quarter. Lcnb Corp now owns 10,539 shares of the company’s stock valued at $402,000 after purchasing an additional 287 shares during the last quarter. Sanctuary Advisors LLC boosted its stake in shares of Goldman Sachs Physical Gold ETF by 3.3% in the 4th quarter. Sanctuary Advisors LLC now owns 9,254 shares of the company’s stock valued at $394,000 after purchasing an additional 299 shares during the last quarter. PKS Advisory Services LLC grew its position in shares of Goldman Sachs Physical Gold ETF by 4.3% during the 4th quarter. PKS Advisory Services LLC now owns 7,228 shares of the company’s stock worth $308,000 after buying an additional 300 shares during the period. Finally, Wood Tarver Financial Group LLC grew its position in shares of Goldman Sachs Physical Gold ETF by 5.8% during the 4th quarter. Wood Tarver Financial Group LLC now owns 6,260 shares of the company’s stock worth $266,000 after buying an additional 341 shares during the period.

More Goldman Sachs Physical Gold ETF News

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

• Positive Sentiment: Some analysts still see longer-term support for gold from inflation risks, fiscal deficits, and ongoing geopolitical uncertainty, and central banks are expected to keep adding to gold reserves. Central banks are bringing gold reserves home as geopolitical risks rise
• Positive Sentiment: Gold also benefited earlier from safe-haven demand tied to Middle East tensions and U.S.-Iran uncertainty, which can support AAAU when risk aversion rises. Wall Street bears back in control after the Fed’s hawkish outlook, Main Street leans bullish despite gold’s backslide to $4,200/oz
• Neutral Sentiment: Gold remains volatile around key technical support levels, and some commentary suggests the metal may be trying to stabilize after a sharp pullback. Gold (XAU/USD) Price Forecast: Can Bulls Defend Fibonacci Support?
• Negative Sentiment: Multiple reports say spot gold has fallen as the dollar tested yearly highs and markets digested the Fed’s hawkish shift, a direct headwind for AAAU. Gold, silver sink as dollar tests yearly highs following hawkish Fed – Kitco PM Report
• Negative Sentiment: Stronger-than-expected U.S. data, including a rebound in the Philly Fed survey and steady jobless claims, reinforced expectations for tighter policy and added to gold’s decline. Gold prices remain under pressure as Philly Fed Survey rebounds to 10.3 in June

Goldman Sachs Physical Gold ETF Price Performance

AAAU opened at $41.57 on Friday. The firm has a 50 day simple moving average of $44.95 and a 200 day simple moving average of $45.98. Goldman Sachs Physical Gold ETF has a fifty-two week low of $32.15 and a fifty-two week high of $54.71.

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.