abrdn Physical Gold Shares ETF $SGOL Stake Reduced by Advisors Management Group Inc. ADV

Advisors Management Group Inc. ADV cut its position in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 4.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 408,264 shares of the company’s stock after selling 20,729 shares during the period. abrdn Physical Gold Shares ETF comprises 3.3% of Advisors Management Group Inc. ADV’s portfolio, making the stock its 3rd biggest position. Advisors Management Group Inc. ADV’s holdings in abrdn Physical Gold Shares ETF were worth $18,216,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Independent Wealth Network Inc. increased its stake in shares of abrdn Physical Gold Shares ETF by 3.0% during the first quarter. Independent Wealth Network Inc. now owns 7,678 shares of the company’s stock valued at $343,000 after buying an additional 221 shares during the period. Xcel Wealth Management LLC raised its holdings in shares of abrdn Physical Gold Shares ETF by 0.6% in the first quarter. Xcel Wealth Management LLC now owns 55,835 shares of the company’s stock valued at $2,491,000 after acquiring an additional 306 shares in the last quarter. Barnes Wealth Management Group Inc lifted its stake in abrdn Physical Gold Shares ETF by 4.1% in the third 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 during the period. Sound Income Strategies LLC lifted its stake in 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 worth $38,000 after acquiring an additional 411 shares during the period. Finally, Centurion Wealth Management LLC grew its holdings in abrdn Physical Gold Shares ETF by 0.5% during the 4th 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.

abrdn Physical Gold Shares ETF Trading Down 0.3%

Shares of abrdn Physical Gold Shares ETF stock opened at $39.12 on Friday. The firm’s 50-day moving average is $41.46 and its two-hundred day moving average is $44.20. abrdn Physical Gold Shares ETF has a 1 year low of $31.16 and a 1 year high of $52.84.

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, including Poland’s, are reportedly buying the dip, reinforcing demand and suggesting institutional support for gold remains firm. Poland’s central bank is buying the dip as gold’s biggest buyers aren’t backing down
• Positive Sentiment: Gold has held key technical support and remains above important psychological levels, which could help SGOL stabilize if buyers step back in. Gold (XAU/USD) Price Forecast: Can Bulls Reclaim Critical Trend Resistance?
• Neutral Sentiment: Gold and silver remain focused on technical levels, with central bank net purchases helping offset recent volatility. Gold (XAUUSD) & Silver Price Forecast: Gold Breaks Symmetrical Triangle at $4,115 as Silver Holds $60.20 – Next Move?
• Neutral Sentiment: Gold’s near-term outlook remains tied to whether it can reclaim resistance after a correction, making the ETF sensitive to short-term trading flows. Gold (XAU/USD) Price Forecast: Bullish Reversal Tests Key Resistance Levels
• Negative Sentiment: Rising Treasury yields and a stronger dollar have been a recurring headwind, weighing on gold prices and pressuring SGOL. Gold Defends $4,000 Level as Strong Dollar Caps Gains
• Negative Sentiment: Recent forecasts warn that gold’s rally may be limited by headwinds, including softer price expectations from major banks. Gold’s Rally Likely Limited by Headwinds

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.