Goldman Sachs Physical Gold ETF $AAAU Holdings Lessened by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC cut its stake in Goldman Sachs Physical Gold ETF (BATS:AAAU) by 37.9% in the third quarter, HoldingsChannel reports. The firm owned 29,326 shares of the company’s stock after selling 17,931 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Goldman Sachs Physical Gold ETF were worth $1,201,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Integras Partners LLC acquired a new stake in Goldman Sachs Physical Gold ETF in the 3rd quarter valued at about $286,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Goldman Sachs Physical Gold ETF during the third quarter worth about $26,194,000. Ipsen Advisor Group LLC increased its stake in shares of Goldman Sachs Physical Gold ETF by 6.3% during the third quarter. Ipsen Advisor Group LLC now owns 29,595 shares of the company’s stock worth $1,212,000 after buying an additional 1,761 shares during the period. Vise Technologies Inc. raised its holdings in Goldman Sachs Physical Gold ETF by 74.6% in the third quarter. Vise Technologies Inc. now owns 13,428 shares of the company’s stock valued at $550,000 after acquiring an additional 5,737 shares in the last quarter. Finally, Soltis Investment Advisors LLC acquired a new stake in Goldman Sachs Physical Gold ETF in the third quarter valued at approximately $423,000.

Key Headlines Impacting Goldman Sachs Physical Gold ETF

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

• Positive Sentiment: The midterm results helped gold rebound above $4,000 an ounce. One market commentator said prospective government spending could weaken the dollar, potentially supporting gold. Dems’ spending plans could weaken the dollar and support gold
• Positive Sentiment: Gold’s technical breakout may signal the correction is ending, though the latest pullback will test whether former resistance can hold as support. Gold breakout signals potential end to correction
• Neutral Sentiment: Gold’s direction remains sensitive to Federal Reserve policy and presidential decisions; traders are watching for guidance on the Fed’s next move in December. Gold and the dollar remain dependent on the president and Fed
• Negative Sentiment: Stronger-than-expected U.S. payroll growth—165,000 jobs—boosted the dollar and Treasury yields and reinforced expectations of a potentially hawkish Fed. That has pressured gold and put the key $4,000-an-ounce support level at risk. Strong payrolls threaten gold’s $4,000 support

Goldman Sachs Physical Gold ETF Stock Down 0.8%

Goldman Sachs Physical Gold ETF stock traded down $0.32 during trading on Friday, reaching $40.06. The stock had a trading volume of 1,345,127 shares, compared to its average volume of 2,436,397. Goldman Sachs Physical Gold ETF has a 52-week low of $38.14 and a 52-week high of $54.71. The business has a 50 day moving average price of $41.39 and a 200 day moving average price of $44.21.

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.