Farther Finance Advisors LLC grew its position in shares of Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU – Free Report) by 22.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,943 shares of the company’s stock after buying an additional 20,256 shares during the quarter. Farther Finance Advisors LLC owned 0.18% of Goldman Sachs Physical Gold ETF worth $4,636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently modified their holdings of AAAU. NEOS Investment Management LLC lifted its holdings in shares of Goldman Sachs Physical Gold ETF by 652.3% during the 3rd quarter. NEOS Investment Management LLC now owns 787,415 shares of the company’s stock valued at $30,016,000 after buying an additional 682,749 shares during the period. Sonoma Allocations LLC bought a new position in Goldman Sachs Physical Gold ETF in the 3rd quarter worth $12,454,000. CLG LLC bought a new position in Goldman Sachs Physical Gold ETF in the 4th quarter worth $11,961,000. Exchange Traded Concepts LLC raised its holdings in Goldman Sachs Physical Gold ETF by 45.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 747,358 shares of the company’s stock worth $31,800,000 after purchasing an additional 234,778 shares during the period. Finally, Proficio Capital Partners LLC raised its holdings in Goldman Sachs Physical Gold ETF by 24.8% in the 3rd quarter. Proficio Capital Partners LLC now owns 854,085 shares of the company’s stock worth $32,558,000 after purchasing an additional 169,905 shares during the period.
Goldman Sachs Physical Gold ETF Stock Up 1.3%
Shares of Goldman Sachs Physical Gold ETF stock opened at $47.89 on Friday. Goldman Sachs Physical Gold ETF has a one year low of $31.27 and a one year high of $54.71. The stock’s fifty day moving average is $48.28 and its 200 day moving average is $44.62.
Goldman Sachs Physical Gold ETF News Summary
- Positive Sentiment: Technical momentum: several analysts note gold is reclaiming the 50-day moving average and building bullish momentum, which supports continued upside for bullion and therefore AAAU. Gold (XAU/USD) Price Forecast: Bullish Momentum Builds Beneath Major Resistance
- Positive Sentiment: Geopolitical easing as a tailwind: reports that U.S.-Iran diplomatic talks are progressing have boosted gold on hopes of renewed risk premiums and safe-haven demand, supporting AAAU inflows. Gold Edges Higher on Hopes for U.S.-Iran Deal
- Positive Sentiment: Dollar softness/diplomacy-driven risk flows: commentary noting dollar losses amid diplomatic progress is providing additional support to gold prices and, by extension, AAAU performance. Losses by the Dollar as Focus on Diplomacy Continues
- Neutral Sentiment: Macro data watch: market participants are focused on upcoming U.S. retail sales, PMI and sentiment releases — these will influence rate expectations and gold flows, so AAAU may swing with incoming data. Gold eyes key U.S. data as markets brace for retail sales, PMI, and sentiment signals
- Neutral Sentiment: Technical/trader guides: intraday entry levels and range-trading commentary suggest active traders may keep flows choppy around current levels, limiting big one-way moves in AAAU until a clear breakout. Gold market analysis for April 17 – key intra-day price entry levels for active traders
- Negative Sentiment: Rate-cut odds fall: analysis points to a cooling gold rally as Fed rate-cut probability declines, strengthening the dollar and reducing inflation fears — headwinds for bullion and AAAU. Gold News: Gold Rally Loses Steam as Rate Cut Odds Fall to 27%
- Negative Sentiment: Safe-haven appeal easing: surveys (Philly Fed jump) and reports of cooling risk premium reduce gold’s immediate safe-haven bid, which could cap AAAU gains if risk sentiment improves. Gold’s safe-haven appeal weakening as Philly Fed Survey jumps in April
- Negative Sentiment: Range-bound risk: multiple pieces note gold is still trading in a range; a failure to break higher would keep AAAU from sustained upside. Gold and Silver Price Analysis: Will a Breakout End the Current Range?
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.
Further Reading
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