Blue Capital Inc. Sells 13,644 Shares of abrdn Physical Gold Shares ETF $SGOL

Blue Capital Inc. lowered its stake in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 33.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,645 shares of the company’s stock after selling 13,644 shares during the quarter. Blue Capital Inc.’s holdings in abrdn Physical Gold Shares ETF were worth $1,136,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in SGOL. Walleye Capital LLC bought a new position in shares of abrdn Physical Gold Shares ETF during the 2nd quarter valued at $224,000. Cerity Partners LLC grew its holdings in shares of abrdn Physical Gold Shares ETF by 42.3% in the second 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 period. NewEdge Advisors LLC grew its holdings in shares of 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 during the period. BNP Paribas purchased a new stake in abrdn Physical Gold Shares ETF during the second quarter valued at $39,000. Finally, Darwin Wealth Management LLC purchased a new stake in abrdn Physical Gold Shares ETF during the second quarter valued at $259,000.

abrdn Physical Gold Shares ETF News Summary

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 Price Performance

SGOL stock opened at $40.16 on Friday. abrdn Physical Gold Shares ETF has a fifty-two week low of $31.05 and a fifty-two week high of $52.84. The business’s 50-day moving average is $43.41 and its two-hundred day moving average is $44.41.

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.