Envestnet Asset Management Inc. Decreases Holdings in Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU)

Envestnet Asset Management Inc. trimmed its holdings in Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU – Get Rating) by 43.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 221,558 shares of the company’s stock after selling 171,638 shares during the period. Envestnet Asset Management Inc. owned 0.89% of Goldman Sachs Physical Gold ETF worth $4,008,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AAAU. Marks Group Wealth Management Inc purchased a new position in Goldman Sachs Physical Gold ETF during the fourth quarter worth about $13,870,000. Jane Street Group LLC acquired a new stake in Goldman Sachs Physical Gold ETF during the third quarter worth approximately $6,517,000. Oliver Lagore Vanvalin Investment Group increased its holdings in shares of Goldman Sachs Physical Gold ETF by 211.7% in the 3rd quarter. Oliver Lagore Vanvalin Investment Group now owns 466,896 shares of the company’s stock valued at $7,701,000 after acquiring an additional 317,110 shares during the period. Wellspring Financial Advisors LLC acquired a new position in shares of Goldman Sachs Physical Gold ETF in the 3rd quarter valued at $2,827,000. Finally, Virtu Financial LLC grew its position in Goldman Sachs Physical Gold ETF by 313.3% in the 3rd quarter. Virtu Financial LLC now owns 182,130 shares of the company’s stock valued at $3,004,000 after buying an additional 138,060 shares during the last quarter.

Goldman Sachs Physical Gold ETF Stock Performance

Shares of NYSEARCA AAAU opened at $19.94 on Monday. Goldman Sachs Physical Gold ETF has a one year low of $16.06 and a one year high of $20.43. The company’s fifty day moving average is $19.59 and its two-hundred day moving average is $18.56.

About Goldman Sachs Physical Gold ETF

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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 a vault in Perth, Australia. Investors can redeem their shares for gold coins and small bars. AAAU was launched on Jul 26, 2018 and is managed by Goldman Sachs.