Scarborough Advisors LLC Boosts Stake in abrdn Physical Gold Shares ETF $SGOL

Scarborough Advisors LLC lifted its holdings in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 26,775.3% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,994 shares of the company’s stock after buying 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.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SGOL. Ameliora Wealth Management Ltd. raised its position in abrdn Physical Gold Shares ETF by 15.8% in the fourth quarter. Ameliora Wealth Management Ltd. now owns 588,218 shares of the company’s stock worth $24,160,000 after acquiring an additional 80,074 shares during the period. Capital Advisory Group Advisory Services LLC increased its stake in shares of abrdn Physical Gold Shares ETF by 51.1% during the 4th quarter. Capital Advisory Group Advisory Services LLC now owns 142,555 shares of the company’s stock worth $5,856,000 after purchasing an additional 48,195 shares during the last quarter. Castle Wealth Management LLC bought a new stake in shares of abrdn Physical Gold Shares ETF in the 4th quarter worth approximately $863,000. Arta Finance Wealth Management LLC purchased a new position in abrdn Physical Gold Shares ETF in the fourth quarter valued at approximately $1,363,000. Finally, Belpointe Asset Management LLC lifted its stake in abrdn Physical Gold Shares ETF by 43.7% in the fourth quarter. Belpointe Asset Management LLC now owns 47,058 shares of the company’s stock valued at $1,933,000 after purchasing an additional 14,319 shares during the last quarter.

abrdn Physical Gold Shares ETF News Roundup

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 Price Performance

Shares of NYSEARCA SGOL opened at $38.22 on Monday. The stock has a fifty day simple moving average of $40.85 and a two-hundred day simple moving average of $44.06. abrdn Physical Gold Shares ETF has a 1-year low of $31.16 and a 1-year high of $52.84.

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.