Pinkerton Wealth LLC Sells 12,309 Shares of abrdn Physical Gold Shares ETF $SGOL

Pinkerton Wealth LLC lowered its stake in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 41.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,077 shares of the company’s stock after selling 12,309 shares during the quarter. Pinkerton Wealth LLC’s holdings in abrdn Physical Gold Shares ETF were worth $629,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Metis Global Partners LLC lifted its holdings in abrdn Physical Gold Shares ETF by 26.7% in the 3rd quarter. Metis Global Partners LLC now owns 6,808,591 shares of the company’s stock worth $250,624,000 after purchasing an additional 1,434,787 shares in the last quarter. JPMorgan Chase & Co. increased its stake in abrdn Physical Gold Shares ETF by 1.9% during the second quarter. JPMorgan Chase & Co. now owns 4,507,293 shares of the company’s stock worth $142,160,000 after acquiring an additional 83,776 shares during the last quarter. Bank of America Corp DE increased its position in shares of abrdn Physical Gold Shares ETF by 3.6% during the 2nd quarter. Bank of America Corp DE now owns 3,647,167 shares of the company’s stock valued at $115,032,000 after purchasing an additional 127,106 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of abrdn Physical Gold Shares ETF by 0.8% in the third quarter. HighTower Advisors LLC now owns 1,865,275 shares of the company’s stock valued at $68,661,000 after acquiring an additional 15,245 shares during the period. Finally, Pureheart Capital Pte Ltd. lifted its stake in shares of abrdn Physical Gold Shares ETF by 5.1% during the 2nd quarter. Pureheart Capital Pte Ltd. now owns 1,217,000 shares of the company’s stock worth $38,384,000 after acquiring an additional 59,000 shares during the last quarter.

abrdn Physical Gold Shares ETF Price Performance

abrdn Physical Gold Shares ETF stock opened at $49.53 on Wednesday. The firm has a 50-day moving average of $46.66 and a two-hundred day moving average of $41.12. abrdn Physical Gold Shares ETF has a 1 year low of $27.77 and a 1 year high of $52.84.

Key Stories Impacting abrdn Physical Gold Shares ETF

Here are the key news stories impacting abrdn Physical Gold Shares ETF this week:

• Positive Sentiment: Geopolitical risk and credit-market stress are cited as drivers that pushed gold past the $5,200 mark, supporting bullion‑backed ETFs like SGOL. Private credit cracks and Middle East conflict drive gold past $5,200 as active investing returns
• Positive Sentiment: Safe‑haven demand amid weaker USDX is lifting gold and silver, a direct tailwind for physical‑gold ETFs. Gold, silver sharply up on safe-haven bids, weaker USDX
• Positive Sentiment: Institutional views (BlackRock) expect further gains for both gold and silver, which can sustain investor flows into SGOL. BlackRock sees further gains for both gold and silver
• Positive Sentiment: World Gold Council commentary notes investment demand remains strong despite volatility, reinforcing medium‑term support for physical gold ETFs. Gold investment demand remains strong despite price volatility – World Gold Council’s Cavatoni
• Neutral Sentiment: Technicals: some analysts highlight a breakout level above $5,207 that could extend a rally, but key supports and resistance remain well defined — watch price confirmation. Gold (XAUUSD) Price Forecast: Gold Breakout Above $5207.97 Could Extend Rally
• Neutral Sentiment: Dip‑buying behavior is noted across markets amid noisy trading conditions; this supports near‑term stability but leaves direction dependent on macro data. Gold Price Analysis – Gold Continues to See Dip Buying on Tuesday
• Negative Sentiment: Technical warning: a rising‑wedge breakdown flagged by analysts suggests near‑term caution and risk of deeper pullbacks if moving‑average supports fail. Gold (XAU/USD) Price Forecast: Rising Wedge Breakdown Signals Caution Ahead
• Negative Sentiment: Dollar strength, rising Treasury yields and stagflation concerns have pressured gold at times this week — these macro forces could weigh on SGOL if they reassert. Gold News: Price Slides as Dollar Strength and Rising Yields Hit the Market
• Negative Sentiment: Commodity volatility (e.g., a large one‑day oil spike) has created mixed flows that at times dragged gold lower, showing the market can move counterintuitively on shock events. Oil soars 25%, gold drops as Iran war jolts global commodity markets

abrdn Physical Gold Shares ETF Profile

The abrdn Physical Gold Shares ETF (SGOL) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund seeks to track the spot price for gold, less trust expenses holding costs, holding physical gold bars. SGOL was launched on Sep 9, 2009 and is managed by Abrdn.