Blue Capital Inc. Trims Stake in abrdn Physical Gold Shares ETF $SGOL

Blue Capital Inc. cut its holdings in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 33.0% during the 4th quarter, Holdings Channel reports. The fund owned 27,645 shares of the company’s stock after selling 13,644 shares during the period. Blue Capital Inc.’s holdings in abrdn Physical Gold Shares ETF were worth $1,136,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Compound Planning Inc. boosted its stake in shares of abrdn Physical Gold Shares ETF by 1.7% during the 4th quarter. Compound Planning Inc. now owns 85,044 shares of the company’s stock worth $3,494,000 after acquiring an additional 1,452 shares during the last quarter. Claris Financial LLC purchased a new stake in shares of abrdn Physical Gold Shares ETF in the 4th quarter worth $827,000. Axxcess Wealth Management LLC purchased a new stake in shares of abrdn Physical Gold Shares ETF in the 4th quarter worth $594,000. Corient Private Wealth LLC increased its stake in shares of abrdn Physical Gold Shares ETF by 6.6% in the 4th quarter. Corient Private Wealth LLC now owns 28,523 shares of the company’s stock worth $1,157,000 after purchasing an additional 1,771 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its holdings in abrdn Physical Gold Shares ETF by 134.9% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 30,030 shares of the company’s stock worth $1,234,000 after purchasing an additional 17,247 shares during the period.

abrdn Physical Gold Shares ETF Trading Down 0.4%

NYSEARCA SGOL opened at $40.16 on Friday. The business’s fifty day moving average is $43.41 and its 200 day moving average is $44.41. abrdn Physical Gold Shares ETF has a fifty-two week low of $31.05 and a fifty-two week high of $52.84.

Trending Headlines about abrdn Physical Gold Shares ETF

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

• Positive Sentiment: Central banks are expected to keep increasing gold reserves and domestic bullion storage, reinforcing long-term demand for gold. Central banks are bringing gold reserves home as geopolitical risks rise
• Positive Sentiment: Gold found support from geopolitical uncertainty and earlier safe-haven buying tied to Middle East tensions, helping limit downside at times. Gold (XAUUSD) & Silver Price Forecast: Truce Stability vs FOMC Decision — Can Gold Hold Support or Silver Extend?
• Neutral Sentiment: Recent commentary suggests the medium-term case for gold remains constructive, with some analysts saying risks are tilted upward from here. Balance of Risks for Gold Tilt Upward From Here
• Neutral Sentiment: Some reports note gold is still trading near major technical support levels, so the next move may depend on whether buyers defend those areas. Gold (XAU/USD) Price Forecast: Can Bulls Defend Fibonacci Support?
• Negative Sentiment: The Fed’s hawkish stance and talk of a possible future rate hike have triggered renewed selling in gold, weighing on SGOL. Wall Street bears back in control after the Fed’s hawkish outlook, Main Street leans bullish despite gold’s backslide to $4,200/oz
• Negative Sentiment: Gold has been retreating after failing to hold recent rebounds, with the dollar strengthening and technical resistance capping gains. Gold Price Analysis – Gold Markets Drop Heading to a Holiday Session
• Negative Sentiment: Several market notes warn that gold could fall back toward $4,000 if hawkish Fed expectations persist, which would likely pressure the ETF further. Hawkish Fed could push gold prices back to $4,000 next week

abrdn Physical Gold Shares ETF Company 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.