Scarborough Advisors LLC Grows Position in abrdn Physical Gold Shares ETF $SGOL

Scarborough Advisors LLC grew its holdings in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 26,775.3% in the first quarter, HoldingsChannel.com reports. The fund owned 24,994 shares of the company’s stock after purchasing an additional 24,901 shares during the period. Scarborough Advisors LLC’s holdings in abrdn Physical Gold Shares ETF were worth $1,115,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Walleye Capital LLC purchased a new position in abrdn Physical Gold Shares ETF in the 2nd quarter worth approximately $224,000. Cerity Partners LLC lifted its holdings in shares of abrdn Physical Gold Shares ETF by 42.3% during the 2nd quarter. Cerity Partners LLC now owns 45,134 shares of the company’s stock worth $1,428,000 after acquiring an additional 13,424 shares during the last quarter. NewEdge Advisors LLC grew its position in abrdn Physical Gold Shares ETF by 1.3% in the second quarter. NewEdge Advisors LLC now owns 303,309 shares of the company’s stock worth $9,566,000 after acquiring an additional 3,891 shares in the last quarter. BNP Paribas bought a new position in abrdn Physical Gold Shares ETF in the second quarter valued at $39,000. Finally, Darwin Wealth Management LLC bought a new position in abrdn Physical Gold Shares ETF in the second quarter valued at $259,000.

abrdn Physical Gold Shares ETF Stock Performance

Shares of SGOL opened at $38.22 on Monday. abrdn Physical Gold Shares ETF has a fifty-two week low of $31.16 and a fifty-two week high of $52.84. The firm has a 50 day moving average price of $40.85 and a 200-day moving average price of $44.06.

Trending Headlines about abrdn Physical Gold Shares ETF

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

• Positive Sentiment: Some analysts say gold’s pullback looks like a correction within a longer-term uptrend, with central bank buying still seen as a structural support for prices. Gold Rises; Central Bank Buying Likely to Remain Structural Driver
• Positive Sentiment: Fidelity International’s Ian Samson said his firm plans to move overweight gold again, arguing the longer-term drivers behind the gold rally remain intact. ‘We have a plan to go overweight gold again’ – Fidelity’s Samson predicts return to bull market in 2027
• Neutral Sentiment: Gold briefly rebounded toward the $4,000 level after softer inflation expectations and better consumer sentiment data, which can help support bullion in the near term. Spot gold hits session high near $4,000/oz after preliminary Consumer Sentiment rises to 54.4, one-year inflation expectations ease
• Neutral Sentiment: Teucrium launched a new physical gold ETF, adding fresh competition in the gold ETF market. Teucrium Launches TPMT, a New Physical Gold ETF With a 0.24% Fee
• Negative Sentiment: Gold has been under renewed pressure after breaking key technical support, with traders watching lower support levels for signs of stabilization. Gold (XAU/USD) Price Forecast: Bearish Pressure Builds Near Critical Support
• Negative Sentiment: Several reports say gold has struggled to hold the $4,000 level as stronger labor and manufacturing data, higher Treasury yields, and a firmer dollar have reduced safe-haven demand. Spot gold trades near session lows after U.S. weekly jobless claims drop to 208k
• Negative Sentiment: Gold ended the week weaker and near its lowest close of the year, suggesting near-term sentiment remains fragile. Gold Just Shed 3 Quarters of Gains, Expert Lists 3 Stocks You Should Watch

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.