abrdn Physical Gold Shares ETF $SGOL is Ameliora Wealth Management Ltd.’s 5th Largest Position

Ameliora Wealth Management Ltd. cut its holdings in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 19.9% during the 1st quarter, Holdings Channel reports. The firm owned 471,014 shares of the company’s stock after selling 117,204 shares during the period. abrdn Physical Gold Shares ETF makes up approximately 6.7% of Ameliora Wealth Management Ltd.’s investment portfolio, making the stock its 5th biggest position. Ameliora Wealth Management Ltd.’s holdings in abrdn Physical Gold Shares ETF were worth $21,016,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of SGOL. Smartleaf Asset Management LLC bought a new position in abrdn Physical Gold Shares ETF during the 4th quarter valued at approximately $27,000. Eastern Bank bought a new stake in shares of abrdn Physical Gold Shares ETF in the 4th quarter worth approximately $47,000. Nvest Wealth Strategies Inc. bought a new stake in shares of abrdn Physical Gold Shares ETF in the 4th quarter worth approximately $51,000. BNP Paribas purchased a new position in shares of abrdn Physical Gold Shares ETF during the second quarter valued at approximately $39,000. Finally, High Point Wealth Management LLC purchased a new position in shares of abrdn Physical Gold Shares ETF during the fourth quarter valued at approximately $82,000.

abrdn Physical Gold Shares ETF Stock Performance

Shares of abrdn Physical Gold Shares ETF stock opened at $38.24 on Tuesday. The business has a 50 day moving average of $42.49 and a 200 day moving average of $44.35. abrdn Physical Gold Shares ETF has a 52 week low of $31.16 and a 52 week high of $52.84.

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 briefly found support after rebounding from key technical levels, and lower rate-hike expectations have at times helped gold stabilize. China is also considering a new gold import/export regime that could streamline trade flows, which may support long-term demand for the metal. Gold (XAUUSD) & Silver Price Forecast: Gold Defends $4,049 as Silver Holds $57.97 — Next Move? China considers new import and export regime for gold which limits PBOC oversight
• Neutral Sentiment: Traders are focusing on the upcoming U.S. jobs report and broader rate outlook, which could provide the next major catalyst for gold prices. Some analysts say gold is trying to find a base after recent volatility, but direction remains uncertain. Gold (XAUUSD) Price Forecast: Will NFP Trigger a Gold Breakout or Deeper Selloff? Gold Price Analysis – Gold Looks for a Reason to Bounce
• Negative Sentiment: Gold has been under pressure as traders price in stronger odds of Fed tightening, a firmer risk-off tone in commodities, and technical signals such as a “death cross,” all of which are weighing on bullion and therefore on SGOL. Recent reports also note gold retreating alongside silver and platinum. Gold News: Does the Death Cross Still Matter for Gold Prices? Gold (XAUUSD), Silver, Platinum Forecasts – Gold Retreats As Traders Focus On Rate Outlook Gold Falls Amid Souring Risk Sentiment Gold News: Gold Market Firms on Softer Fed Hike Odds, but Death Cross Warns Bears

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.