Rockefeller Capital Management L.P. Purchases 97,233 Shares of abrdn Physical Gold Shares ETF $SGOL

Rockefeller Capital Management L.P. raised its position in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 121.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 177,231 shares of the company’s stock after buying an additional 97,233 shares during the quarter. Rockefeller Capital Management L.P. owned about 0.10% of abrdn Physical Gold Shares ETF worth $7,281,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Barnes Wealth Management Group Inc increased its stake in shares of abrdn Physical Gold Shares ETF by 4.1% in the 3rd quarter. Barnes Wealth Management Group Inc now owns 9,876 shares of the company’s stock worth $364,000 after acquiring an additional 390 shares in the last quarter. Centurion Wealth Management LLC boosted its stake in abrdn Physical Gold Shares ETF by 0.5% during the fourth quarter. Centurion Wealth Management LLC now owns 94,806 shares of the company’s stock worth $3,895,000 after acquiring an additional 500 shares in the last quarter. Evelyn Partners Investment Management LLP boosted its stake in abrdn Physical Gold Shares ETF by 5.4% during the fourth quarter. Evelyn Partners Investment Management LLP now owns 10,540 shares of the company’s stock worth $433,000 after acquiring an additional 540 shares in the last quarter. Betterment LLC grew its holdings in abrdn Physical Gold Shares ETF by 3.2% in the third quarter. Betterment LLC now owns 17,930 shares of the company’s stock worth $660,000 after purchasing an additional 558 shares during the period. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in abrdn Physical Gold Shares ETF by 5.4% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 11,630 shares of the company’s stock worth $478,000 after purchasing an additional 601 shares during the period.

Trending Headlines about abrdn Physical Gold Shares ETF

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

• Positive Sentiment: Gold regained some ground after a steep selloff, with traders citing a pullback in the U.S. dollar and falling Treasury yields as support for the metal. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Attempts To Rebound After Strong Sell-Off
• Positive Sentiment: Gold briefly moved back above $4,000 after U.S. weekly jobless claims came in below expectations, reinforcing demand for precious metals as investors digested mixed macro data. Spot gold shoots back above $4,000/oz after U.S. weekly jobless claims dip to 215k
• Positive Sentiment: Gold also found support from a hotter-than-expected inflation reading, which can bolster the appeal of gold as an inflation hedge. Gold Gains Over 1%; Fed’s Preferred Inflation Gauge Surges To 3-Year High
• Neutral Sentiment: Despite the rebound, several reports warned that gold remains technically weak after breaking key trendline support and slipping below the $4,000 level, suggesting downside risk may persist if macro conditions turn less favorable. Gold (XAU/USD) Price Forecast: Trendline Failure Signals Deeper Downside Risk
• Neutral Sentiment: Some analysts also noted that rising U.S. dollar strength, higher yields, and Fed rate-hike expectations have been weighing on gold recently, which remains a headwind for SGOL if those trends continue. Gold Edges Higher, But Fed Rate-Hike Expectations Weigh

abrdn Physical Gold Shares ETF Stock Up 1.0%

Shares of NYSEARCA SGOL opened at $38.34 on Friday. The company has a 50 day simple moving average of $42.78 and a two-hundred day simple moving average of $44.37. abrdn Physical Gold Shares ETF has a fifty-two week low of $31.05 and a fifty-two week high of $52.84.

About abrdn Physical Gold Shares ETF

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.