Sowell Financial Services LLC Has $3.20 Million Position in abrdn Physical Gold Shares ETF $SGOL

Sowell Financial Services LLC boosted its stake in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 22.5% in the third quarter, Holdings Channel reports. The firm owned 87,019 shares of the company’s stock after acquiring an additional 15,990 shares during the period. Sowell Financial Services LLC’s holdings in abrdn Physical Gold Shares ETF were worth $3,203,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Metis Global Partners LLC lifted its stake in shares of abrdn Physical Gold Shares ETF by 18.1% in the second quarter. Metis Global Partners LLC now owns 5,373,804 shares of the company’s stock worth $169,490,000 after buying an additional 824,735 shares during the last quarter. Quadrature Capital Ltd raised its holdings in abrdn Physical Gold Shares ETF by 145.2% in the 2nd quarter. Quadrature Capital Ltd now owns 1,216,015 shares of the company’s stock worth $38,359,000 after acquiring an additional 720,140 shares during the period. E Fund Management Co. Ltd. lifted its position in 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 worth $23,759,000 after acquiring an additional 633,786 shares during the last quarter. MML Investors Services LLC boosted its holdings in abrdn Physical Gold Shares ETF by 149.5% during the second quarter. MML Investors Services LLC now owns 443,846 shares of the company’s stock valued at $13,999,000 after acquiring an additional 265,946 shares during the period. Finally, Raymond James Financial Inc. grew its position in shares of abrdn Physical Gold Shares ETF by 94.6% in the second quarter. Raymond James Financial Inc. now owns 471,102 shares of the company’s stock valued at $14,859,000 after purchasing an additional 229,072 shares during the last quarter.

abrdn Physical Gold Shares ETF Trading Up 1.2%

abrdn Physical Gold Shares ETF stock opened at $43.19 on Monday. abrdn Physical Gold Shares ETF has a 52 week low of $24.78 and a 52 week high of $43.36. The business’s 50-day simple moving average is $39.80 and its 200-day simple moving average is $35.81.

Key abrdn Physical Gold Shares ETF News

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

• Positive Sentiment: Gold pushed to new record highs, reinforcing long‑term bullish momentum and encouraging demand for physical‑gold ETFs such as SGOL. Gold (XAU/USD) Price Forecast: Rally Extends to Fresh Highs as Buyers Maintain Control
• Positive Sentiment: Gold’s breakout and sustained weekly gains are drawing momentum traders and safe‑haven flows, which typically lift physical‑gold ETF assets under management. Gold Weekly Price Outlook – Gold Breaks Out for the Week
• Positive Sentiment: Major strategist coverage remains bullish — Goldman Sachs projects a materially higher spot target, supporting the narrative for longer‑term gold accumulation and ETF demand. “Gold remains our single favorite long commodity,” spot price to reach $4,900/oz in Q4 2026 – Goldman Sachs
• Positive Sentiment: Safe‑haven flows tied to geopolitical risks and macro uncertainty are cited in market reports, a key driver for physical gold ownership and SGOL inflows. Gold, silver power to record highs on safe-haven demand
• Neutral Sentiment: Financing activity in the gold sector (e.g., U.S. Gold Corp raising $31M) shows ongoing capital deployment in mining, which can support long‑term supply fundamentals but has limited immediate effect on SGOL’s physical‑gold holdings. U.S. Gold Corp raises $31M to advance gold project – ICYMI
• Negative Sentiment: Analysts warn of overbought conditions and a possible near‑term pullback (models point to short‑term support tests), which could trigger temporary outflows or price weakness in SGOL. Gold News: Gold Analysis Highlights Pullback Risk Despite Long-Term Bullish Trend
• Negative Sentiment: Market commentary notes overbought readings that could produce more measured gains in 2026 and intermittent corrections; investors should expect higher volatility even as the secular uptrend continues. Gold 2026 Forecast: Record Advance Sets Stage for Measured Extension

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.