Envestnet Asset Management Inc. Cuts Stake in Goldman Sachs Physical Gold ETF $AAAU

Envestnet Asset Management Inc. lessened its holdings in Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU) by 4.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 104,310 shares of the company’s stock after selling 4,545 shares during the quarter. Envestnet Asset Management Inc. owned 0.22% of Goldman Sachs Physical Gold ETF worth $3,409,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. PNC Financial Services Group Inc. boosted its position in Goldman Sachs Physical Gold ETF by 128.6% during the first quarter. PNC Financial Services Group Inc. now owns 1,600 shares of the company’s stock valued at $49,000 after buying an additional 900 shares during the period. Private Trust Co. NA boosted its holdings in Goldman Sachs Physical Gold ETF by 113.3% during the 2nd quarter. Private Trust Co. NA now owns 2,308 shares of the company’s stock valued at $75,000 after acquiring an additional 1,226 shares during the period. Hollencrest Capital Management purchased a new stake in Goldman Sachs Physical Gold ETF during the 1st quarter valued at about $93,000. Ameritas Advisory Services LLC bought a new position in Goldman Sachs Physical Gold ETF during the 2nd quarter worth approximately $135,000. Finally, Farther Finance Advisors LLC increased its stake in Goldman Sachs Physical Gold ETF by 515.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 5,555 shares of the company’s stock worth $182,000 after purchasing an additional 4,652 shares during the period.

Goldman Sachs Physical Gold ETF Trading Down 1.8%

Shares of AAAU stock opened at $40.33 on Friday. Goldman Sachs Physical Gold ETF has a fifty-two week low of $25.30 and a fifty-two week high of $43.26. The stock has a 50 day moving average price of $38.88 and a two-hundred day moving average price of $35.10.

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.