Truist Financial Corp Trims Holdings in Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU)

Truist Financial Corp cut its stake in Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU) by 9.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,061 shares of the company’s stock after selling 1,753 shares during the quarter. Truist Financial Corp owned about 0.06% of Goldman Sachs Physical Gold ETF worth $392,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Global Assets Advisory LLC purchased a new position in shares of Goldman Sachs Physical Gold ETF in the first quarter valued at $2,099,000. Cetera Investment Advisers grew its position in Goldman Sachs Physical Gold ETF by 277.9% during the first quarter. Cetera Investment Advisers now owns 268,026 shares of the company’s stock worth $5,894,000 after buying an additional 197,101 shares in the last quarter. Brookstone Capital Management purchased a new position in Goldman Sachs Physical Gold ETF during the second quarter worth about $443,000. SpiderRock Advisors LLC purchased a new position in Goldman Sachs Physical Gold ETF during the first quarter worth about $243,000. Finally, Raymond James & Associates grew its position in Goldman Sachs Physical Gold ETF by 11.0% during the second quarter. Raymond James & Associates now owns 211,539 shares of the company’s stock worth $4,866,000 after buying an additional 20,942 shares in the last quarter.

Goldman Sachs Physical Gold ETF Stock Performance

Goldman Sachs Physical Gold ETF stock opened at $26.62 on Friday. Goldman Sachs Physical Gold ETF has a 52 week low of $19.15 and a 52 week high of $26.67. The business has a 50-day simple moving average of $25.39 and a 200 day simple moving average of $24.04.

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.