Clg LLC Lowers Holdings in Goldman Sachs Physical Gold ETF $AAAU

Clg LLC lessened its holdings in Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU) by 17.1% in the first quarter, HoldingsChannel reports. The fund owned 232,957 shares of the company’s stock after selling 48,159 shares during the period. Goldman Sachs Physical Gold ETF accounts for 2.7% of Clg LLC’s portfolio, making the stock its 9th largest position. Clg LLC’s holdings in Goldman Sachs Physical Gold ETF were worth $10,760,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. GGM Financials LLC bought a new position in Goldman Sachs Physical Gold ETF during the fourth quarter worth about $25,000. Northwestern Mutual Wealth Management Co. bought a new stake in Goldman Sachs Physical Gold ETF in the 3rd quarter valued at about $34,000. Larson Financial Group LLC bought a new stake in Goldman Sachs Physical Gold ETF in the 3rd quarter valued at about $38,000. Darwin Wealth Management LLC acquired a new position in shares of Goldman Sachs Physical Gold ETF during the 2nd quarter worth approximately $67,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Goldman Sachs Physical Gold ETF by 14.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,830 shares of the company’s stock worth $78,000 after purchasing an additional 230 shares during the period.

Key Headlines Impacting Goldman Sachs Physical Gold ETF

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

• Negative Sentiment: Spot gold slipped as rising yields and a stronger dollar weighed on precious metals, a direct headwind for AAAU since the ETF tracks physical gold. Gold falls as oil spike, higher yields pressure metals – Kitco PM Report
• Negative Sentiment: Better-than-expected U.S. weekly jobless claims pushed gold to session lows, reinforcing the view that stronger economic data can lift rates and pressure bullion. Spot gold falls to session lows after U.S. weekly jobless claims drop to 187k
• Neutral Sentiment: Some analysts say the pullback looks like healthy profit-taking rather than panic, suggesting support may be holding even as gold consolidates near key levels. Retail investors remain confident in gold despite recent selling as healthy profit-taking replaces panic, says EverBank’s Gaffney
• Neutral Sentiment: Market commentary continues to frame gold as range-bound around support and resistance levels, with a possible breakout still dependent on a move above higher technical thresholds. Gold (XAU/USD) Price Forecast: Can the Bullish Reversal Survive This Pullback?
• Neutral Sentiment: Despite near-term weakness, bullish voices including John Paulson remain supportive of gold’s longer-term case, citing continued central bank demand and broadening investor interest. Billionaire John Paulson says gold bull market still in early stages

Goldman Sachs Physical Gold ETF Trading Down 1.9%

NYSEARCA AAAU opened at $39.93 on Friday. The company has a 50 day moving average of $41.80 and a 200-day moving average of $45.55. Goldman Sachs Physical Gold ETF has a 1-year low of $32.27 and a 1-year high of $54.71.

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.