Marks Group Wealth Management Inc Sells 25,908 Shares of Goldman Sachs Physical Gold ETF $AAAU

Marks Group Wealth Management Inc cut its position in Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU) by 13.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 172,223 shares of the company’s stock after selling 25,908 shares during the quarter. Marks Group Wealth Management Inc owned about 0.28% of Goldman Sachs Physical Gold ETF worth $7,328,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. GGM Financials LLC bought a new stake in shares of Goldman Sachs Physical Gold ETF in the fourth quarter valued at $25,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Goldman Sachs Physical Gold ETF during the 3rd quarter valued at $34,000. Anfield Capital Management LLC bought a new stake in shares of Goldman Sachs Physical Gold ETF during the 3rd quarter valued at $36,000. Larson Financial Group LLC bought a new stake in shares of Goldman Sachs Physical Gold ETF during the 3rd quarter valued at $38,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of 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 valued at $78,000 after purchasing an additional 230 shares during the period.

More Goldman Sachs Physical Gold ETF News

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

• Positive Sentiment: China added 9.95 tonnes to its gold reserves in May, marking its 19th straight month of purchases and reinforcing ongoing central-bank demand for bullion. China increases gold reserves by 9.95 tonnes in May for 19th straight month of purchases
• Positive Sentiment: Analysts noted that rising inflation could eventually push real rates lower, which may set up gold for a stronger rebound over time. Rising inflation may push real rates lower, setting the stage for gold’s next rally – WisdomTree’s Shah
• Positive Sentiment: Gold attempted to rebound as traders bought the dip after the recent sell-off, suggesting some bargain hunting support. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Attempts To Rebound After Sell-Off
• Neutral Sentiment: Gold prices were described as steady near recent levels, with safe-haven demand from Middle East tensions partly offset by stronger rate expectations after the U.S. jobs report. Gold holds near $4,330 as oil pares Iran-Israel risk premium – Kitco PM Report
• Neutral Sentiment: Markets are waiting for Wednesday’s inflation data, which could either stabilize gold or extend the recent downside if inflation and rate expectations remain firm. Gold (XAUUSD) Price Forecast: Gold Market Awaits CPI as Fed Hike Odds Rise
• Negative Sentiment: Strong U.S. jobs data boosted Treasury yields, the dollar, and expectations for fewer rate cuts, pushing gold lower and weighing on AAAU. Gold could test $4,000 support as inflation risks loom, but long-term bullish outlook remains
• Negative Sentiment: Several reports warned that gold has broken key support and may face more downside if inflation data confirms a more hawkish Fed outlook. Gold and Silver Price Forecast: XAUUSD Breakdown Signals More Pain Ahead

Goldman Sachs Physical Gold ETF Trading Up 0.2%

NYSEARCA:AAAU opened at $42.66 on Tuesday. Goldman Sachs Physical Gold ETF has a 52-week low of $32.15 and a 52-week high of $54.71. The business’s fifty day moving average is $45.61 and its 200 day moving average is $45.93.

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.