Goldman Sachs Physical Gold ETF $AAAU Shares Acquired by Oarsman Capital Inc.

Oarsman Capital Inc. increased its position in Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU) by 6.8% in the 2nd quarter, Holdings Channel reports. The firm owned 204,694 shares of the company’s stock after buying an additional 12,990 shares during the period. Goldman Sachs Physical Gold ETF makes up 0.6% of Oarsman Capital Inc.’s holdings, making the stock its 20th biggest holding. Oarsman Capital Inc.’s holdings in Goldman Sachs Physical Gold ETF were worth $8,100,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its stake in Goldman Sachs Physical Gold ETF by 14.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,830 shares of the company’s stock worth $78,000 after buying an additional 230 shares during the last quarter. Grey Ledge Advisors LLC lifted its stake in Goldman Sachs Physical Gold ETF by 1.2% in the first quarter. Grey Ledge Advisors LLC now owns 20,439 shares of the company’s stock valued at $944,000 after buying an additional 250 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in Goldman Sachs Physical Gold ETF by 3.3% in the fourth quarter. Sanctuary Advisors LLC now owns 9,254 shares of the company’s stock valued at $394,000 after buying an additional 299 shares during the last quarter. PKS Advisory Services LLC boosted its holdings in shares of Goldman Sachs Physical Gold ETF by 4.3% in the fourth quarter. PKS Advisory Services LLC now owns 7,228 shares of the company’s stock valued at $308,000 after acquiring an additional 300 shares during the period. Finally, Wood Tarver Financial Group LLC boosted its holdings in shares of Goldman Sachs Physical Gold ETF by 5.8% in the fourth quarter. Wood Tarver Financial Group LLC now owns 6,260 shares of the company’s stock valued at $266,000 after acquiring an additional 341 shares during the period.

Goldman Sachs Physical Gold ETF Stock Performance

Shares of AAAU opened at $43.94 on Monday. The company’s 50 day simple moving average is $41.47 and its 200-day simple moving average is $44.71. Goldman Sachs Physical Gold ETF has a 12-month low of $33.75 and a 12-month high of $54.71.

More Goldman Sachs Physical Gold ETF News

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

• Positive Sentiment: Gold’s roughly 15% rebound since June and continued investor interest in the “dollar debasement” trade remain supportive for AAAU. Analysts argue that rising U.S. debt, currency-debasement risks and de-dollarization could sustain demand for physical gold. Gold is Glittering This Quarter
• Positive Sentiment: Commentators continue to see a favorable longer-term setup, citing America’s fiscal challenges and foreign central banks’ preference for physical gold over Bitcoin this year. These themes could help limit downside in AAAU if short-term volatility eases. Gold’s renewed momentum is sending a warning about America’s debt
• Neutral Sentiment: Gold is testing important technical levels, including its 200-day moving average and support near $4,500-$4,527. Holding those levels could set up a move toward resistance around $4,700-$4,800, while a break lower would signal additional weakness for AAAU. Gold Price Tests Support
• Negative Sentiment: Federal Reserve Chair Kevin Warsh said inflation remains a bigger concern than labor-market softness, reviving expectations for a possible September rate hike. Higher yields and a firmer dollar reduce the appeal of non-yielding gold and are the primary drivers of AAAU’s decline. Gold prices drop as inflation remains a concern
• Negative Sentiment: Gold has fallen sharply over several sessions, breaking below its 200-day moving average as markets reassess the outlook for Fed policy. The latest consumer-sentiment and employment revisions added volatility, although neither materially changed the broader investment case. Gold breaks its 200-day moving average

About Goldman Sachs Physical Gold ETF

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.