Goldman Sachs Physical Gold ETF $AAAU Stake Lessened by Royal Bank of Canada

Royal Bank of Canada lessened its stake in shares of Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU) by 20.8% during the first quarter, Holdings Channel.com reports. The fund owned 424,552 shares of the company’s stock after selling 111,317 shares during the period. Royal Bank of Canada’s holdings in Goldman Sachs Physical Gold ETF were worth $19,610,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capstone Wealth Management Group LLC acquired a new stake in Goldman Sachs Physical Gold ETF in the first quarter worth approximately $2,894,000. Integrated Wealth Concepts LLC raised its stake in shares of Goldman Sachs Physical Gold ETF by 17.9% in the 1st quarter. Integrated Wealth Concepts LLC now owns 9,583 shares of the company’s stock worth $296,000 after buying an additional 1,453 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Goldman Sachs Physical Gold ETF by 52.9% in the second quarter. JPMorgan Chase & Co. now owns 73,967 shares of the company’s stock valued at $2,417,000 after buying an additional 25,585 shares during the period. Cerity Partners LLC lifted its holdings in shares of Goldman Sachs Physical Gold ETF by 0.3% in the second quarter. Cerity Partners LLC now owns 113,484 shares of the company’s stock valued at $3,709,000 after buying an additional 348 shares during the period. Finally, Darwin Wealth Management LLC bought a new position in Goldman Sachs Physical Gold ETF during the second quarter valued at about $67,000.

Goldman Sachs Physical Gold ETF Stock Up 0.1%

NYSEARCA:AAAU opened at $41.89 on Friday. The business’s 50-day moving average price is $40.98 and its 200 day moving average price is $45.25. Goldman Sachs Physical Gold ETF has a 52-week low of $32.73 and a 52-week high of $54.71.

Trending Headlines about Goldman Sachs Physical Gold ETF

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

• Positive Sentiment: Gold’s breakout above $4,200 and a bullish technical reversal have opened potential upside targets near $4,493–$4,494. AAAU is trading above its 50-day moving average, indicating improving near-term momentum. Gold Price Forecast: Reversal Opens Path Toward $4,494
• Positive Sentiment: Strategists remain bullish on gold, arguing that real interest rates may have peaked and that a potentially weaker U.S. dollar could become a tailwind. BNP Paribas Wealth Management sees gold potentially reaching $5,000, reinforcing the longer-term bullish outlook for AAAU. Now is the Time to Buy Gold
• Positive Sentiment: Gold-backed ETFs recorded net inflows in July, ending two consecutive months of outflows. The return of investor demand provides a fundamental support for physical-gold funds such as AAAU. Gold Market Sees Positive ETF Inflows in July
• Neutral Sentiment: Gold remains above $4,200 despite resilient U.S. jobless claims. Upcoming nonfarm-payrolls data could significantly alter Federal Reserve rate expectations and determine whether the rally extends or pauses. Gold Price Holding Above $4,200
• Negative Sentiment: Investors took profits after gold’s sharp breakout as Treasury yields, oil prices and the U.S. dollar moved higher. A possible reduction in the geopolitical premium following Strait of Hormuz negotiations also weakened safe-haven demand, creating near-term pressure on AAAU. Investors Take Profits in Gold and Silver

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.