abrdn Physical Gold Shares ETF $SGOL Shares Sold by Worth Asset Management LLC

Worth Asset Management LLC decreased its position in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 76.4% in the second quarter, Holdings Channel reports. The institutional investor owned 24,135 shares of the company’s stock after selling 78,025 shares during the period. Worth Asset Management LLC’s holdings in abrdn Physical Gold Shares ETF were worth $923,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Waverly Advisors LLC raised its position in shares of abrdn Physical Gold Shares ETF by 3,435.6% in the first quarter. Waverly Advisors LLC now owns 953,728 shares of the company’s stock worth $42,555,000 after acquiring an additional 926,753 shares during the period. Jain Global LLC purchased a new stake in shares of abrdn Physical Gold Shares ETF during the 4th quarter worth about $26,465,000. E Fund Management Co. Ltd. grew its position in shares of abrdn Physical Gold Shares ETF by 530.3% during the 2nd quarter. E Fund Management Co. Ltd. now owns 753,291 shares of the company’s stock valued at $23,759,000 after acquiring an additional 633,786 shares during the period. Norris Financial Group LLC acquired a new stake in shares of abrdn Physical Gold Shares ETF during the 1st quarter valued at about $13,671,000. Finally, LPL Financial LLC increased its stake in shares of abrdn Physical Gold Shares ETF by 17.1% in the 4th quarter. LPL Financial LLC now owns 2,059,659 shares of the company’s stock valued at $84,611,000 after purchasing an additional 300,746 shares in the last quarter.

Key abrdn Physical Gold Shares ETF News

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

• Positive Sentiment: Gold’s bullish reversal is extending toward major technical resistance, with improving momentum potentially opening a path toward higher targets near $4,382–$4,392 and beyond. Gold Price Forecast: Breakout Builds Toward Key Resistance
• Positive Sentiment: Precious metals are benefiting from falling Treasury yields and a weaker dollar as traders increase bets on a dovish Federal Reserve. Softer labor-market data could further support expectations for lower interest rates, which generally benefits non-yielding gold. Gold Rallies on Dovish Fed Bets
• Positive Sentiment: The People’s Bank of China reportedly extended its gold-buying streak to 21 consecutive months, including its largest monthly purchase since 2023. Continued central-bank demand provides a fundamental cushion for bullion and SGOL. PBOC Boosts Gold Buying
• Positive Sentiment: Some analysts see additional upside, with BNP Paribas Wealth Management projecting gold could reach $5,000 as pressure on the Fed weighs on the dollar. BNP Paribas Gold Forecast
• Neutral Sentiment: U.S. nonfarm-payrolls data is the immediate catalyst. A weak report could reinforce rate-cut expectations, while stronger employment data could lift yields and pressure gold. Gold Holds Above $4,250 Ahead of Payrolls
• Negative Sentiment: Risks remain from profit-taking, firmer oil prices, higher yields and a stronger dollar. A research paper also challenges gold’s effectiveness as a consistent inflation hedge, which could temper demand from some investors. Investors Take Profits in Gold

abrdn Physical Gold Shares ETF Stock Performance

Shares of abrdn Physical Gold Shares ETF stock opened at $41.35 on Friday. abrdn Physical Gold Shares ETF has a twelve month low of $31.61 and a twelve month high of $52.84. The business has a 50-day moving average price of $39.54 and a 200 day moving average price of $43.68.

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.