Proficio Capital Partners LLC Sells 295,177 Shares of Goldman Sachs Physical Gold ETF $AAAU

Proficio Capital Partners LLC decreased its position in Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU) by 28.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 759,580 shares of the company’s stock after selling 295,177 shares during the period. Goldman Sachs Physical Gold ETF comprises approximately 1.1% of Proficio Capital Partners LLC’s portfolio, making the stock its 21st biggest holding. Proficio Capital Partners LLC’s holdings in Goldman Sachs Physical Gold ETF were worth $30,057,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Capstone Wealth Management Group LLC purchased a new stake in Goldman Sachs Physical Gold ETF in the first quarter worth $2,894,000. Integrated Wealth Concepts LLC grew its stake in shares of Goldman Sachs Physical Gold ETF by 17.9% during the 1st quarter. Integrated Wealth Concepts LLC now owns 9,583 shares of the company’s stock worth $296,000 after acquiring an additional 1,453 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Goldman Sachs Physical Gold ETF by 52.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 73,967 shares of the company’s stock worth $2,417,000 after acquiring an additional 25,585 shares during the period. Cerity Partners LLC increased its holdings in Goldman Sachs Physical Gold ETF by 0.3% in the 2nd quarter. Cerity Partners LLC now owns 113,484 shares of the company’s stock worth $3,709,000 after acquiring an additional 348 shares during the last quarter. Finally, Darwin Wealth Management LLC purchased a new stake in Goldman Sachs Physical Gold ETF in the 2nd quarter worth about $67,000.

Goldman Sachs Physical Gold ETF Stock Down 0.1%

NYSEARCA AAAU opened at $43.88 on Tuesday. Goldman Sachs Physical Gold ETF has a 52 week low of $33.75 and a 52 week high of $54.71. The firm’s 50-day simple moving average is $41.52 and its two-hundred day simple moving average is $44.67.

Key Headlines Impacting Goldman Sachs Physical Gold ETF

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

• Positive Sentiment: U.S. Treasury plans to double its debt buybacks, renewing concerns about fiscal sustainability and potential dollar debasement. Julius Baer analysts said those concerns could support renewed demand for gold and silver, benefiting AAAU over the longer term. Treasury’s ramped-up bond buybacks soften the U.S. dollar and boost the gold price – Julius Baer
• Positive Sentiment: Renewed U.S.-Iran and Gulf tensions are providing some safe-haven support for bullion, although the accompanying oil-price surge is also lifting inflation and interest-rate risks. Gold slips as Warsh repricing, Hormuz oil spike lift rate risk – Kitco AM Report
• Positive Sentiment: Some strategists continue to view gold’s broader secular trend as intact, citing expanding global money supply, high government debt and limited central-bank ability to contain inflation. This supports the long-term investment case for AAAU, though the $20,000 gold target is highly speculative. Gold price is going to $20,000 as the Fed is ‘powerless’ to fight inflation

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.