Channing Global Advisors LLC decreased its position in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL – Free Report) by 86.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,475 shares of the company’s stock after selling 40,745 shares during the period. Channing Global Advisors LLC’s holdings in abrdn Physical Gold Shares ETF were worth $289,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC acquired a new position in shares of abrdn Physical Gold Shares ETF during the 4th quarter valued at $27,000. Sound Income Strategies LLC lifted its holdings in shares of abrdn Physical Gold Shares ETF by 97.9% in the first quarter. Sound Income Strategies LLC now owns 831 shares of the company’s stock valued at $38,000 after buying an additional 411 shares during the period. BNP Paribas acquired a new stake in shares of abrdn Physical Gold Shares ETF in the second quarter valued at $39,000. Eastern Bank acquired a new stake in shares of abrdn Physical Gold Shares ETF in the fourth quarter valued at $47,000. Finally, Nvest Wealth Strategies Inc. bought a new position in abrdn Physical Gold Shares ETF during the fourth quarter valued at about $51,000.
abrdn Physical Gold Shares ETF Stock Up 1.0%
NYSEARCA:SGOL opened at $39.23 on Friday. The business’s 50-day moving average price is $41.54 and its 200 day moving average price is $44.24. abrdn Physical Gold Shares ETF has a 52-week low of $31.16 and a 52-week high of $52.84.
More abrdn Physical Gold Shares ETF News
- Positive Sentiment: Spot gold moved back above $4,100/oz after stronger-than-expected labor market data, while geopolitical uncertainty continued to support safe-haven buying for gold-backed funds like SGOL. Spot gold trades above $4,100/oz as U.S. weekly jobless claims hold at 215k
- Positive Sentiment: Gold and silver technicals improved after gold broke above a key pattern near $4,075, suggesting momentum may be turning more favorable if resistance levels are reclaimed. Gold (XAUUSD) & Silver Price Forecast: Gold Breaks Symmetrical Triangle at $4,075 as Silver Holds $58.27 – Next Move?
- Neutral Sentiment: Gold remains range-bound in the near term as traders watch Federal Reserve policy signals, Treasury yields, and upcoming inflation data for direction. Gold (XAUUSD) Price Forecast: Can Gold Hold Support Ahead of U.S. Inflation Data?
- Negative Sentiment: Some traders remain cautious because hawkish Fed expectations, higher Treasury yields, and technical warnings such as a potential “death cross” could pressure gold prices and weigh on SGOL. Gold Price Analysis – Gold Consolidates as Looming Death Cross Signals Risk
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.
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