Modern Wealth Management LLC Invests $288,000 in Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU)

Modern Wealth Management LLC bought a new stake in shares of Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,000 shares of the company’s stock, valued at approximately $288,000.

Several other hedge funds have also bought and sold shares of the stock. Proficio Capital Partners LLC lifted its position in shares of Goldman Sachs Physical Gold ETF by 1,478.7% during the 4th quarter. Proficio Capital Partners LLC now owns 10,910,736 shares of the company’s stock valued at $283,024,000 after buying an additional 10,219,630 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Goldman Sachs Physical Gold ETF during the 4th quarter worth approximately $16,500,000. Quadrature Capital Ltd purchased a new position in Goldman Sachs Physical Gold ETF during the third quarter valued at approximately $8,712,000. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Goldman Sachs Physical Gold ETF by 58.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 233,500 shares of the company’s stock worth $6,017,000 after purchasing an additional 86,500 shares during the period. Finally, HighTower Advisors LLC increased its stake in shares of Goldman Sachs Physical Gold ETF by 191.6% in the third quarter. HighTower Advisors LLC now owns 195,281 shares of the company’s stock worth $5,081,000 after purchasing an additional 128,312 shares in the last quarter.

Goldman Sachs Physical Gold ETF Stock Performance

AAAU opened at $30.22 on Friday. The firm’s fifty day moving average is $28.60 and its 200 day moving average is $27.03. Goldman Sachs Physical Gold ETF has a fifty-two week low of $21.80 and a fifty-two week high of $30.29.

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.