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

Envestnet Asset Management Inc. raised its holdings in Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU) by 2.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 108,855 shares of the company’s stock after acquiring an additional 2,349 shares during the period. Envestnet Asset Management Inc. owned approximately 0.25% of Goldman Sachs Physical Gold ETF worth $3,361,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. grew its position in Goldman Sachs Physical Gold ETF by 1,371.8% in the fourth quarter. JPMorgan Chase & Co. now owns 29,435 shares of the company’s stock worth $763,000 after acquiring an additional 27,435 shares during the period. WealthTrak Capital Management LLC acquired a new stake in shares of Goldman Sachs Physical Gold ETF during the fourth quarter worth about $2,983,000. World Investment Advisors purchased a new position in shares of Goldman Sachs Physical Gold ETF in the fourth quarter valued at approximately $1,379,000. Oarsman Capital Inc. grew its holdings in shares of Goldman Sachs Physical Gold ETF by 6.0% in the fourth quarter. Oarsman Capital Inc. now owns 167,169 shares of the company’s stock valued at $4,336,000 after purchasing an additional 9,492 shares in the last quarter. Finally, Perennial Investment Advisors LLC purchased a new stake in shares of Goldman Sachs Physical Gold ETF during the fourth quarter worth $279,000.

Goldman Sachs Physical Gold ETF Stock Performance

Shares of NYSEARCA AAAU opened at $32.96 on Friday. The stock’s 50-day moving average is $33.01 and its two-hundred day moving average is $30.91. Goldman Sachs Physical Gold ETF has a 1-year low of $23.44 and a 1-year high of $34.05.

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.