abrdn Physical Gold Shares ETF $SGOL Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers cut its stake in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 4.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 556,675 shares of the company’s stock after selling 23,661 shares during the period. Cetera Investment Advisers’ holdings in abrdn Physical Gold Shares ETF were worth $24,839,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Smartleaf Asset Management LLC purchased a new position in abrdn Physical Gold Shares ETF during the fourth quarter worth approximately $27,000. Sound Income Strategies LLC grew its holdings in abrdn Physical Gold Shares ETF by 97.9% in the 1st quarter. Sound Income Strategies LLC now owns 831 shares of the company’s stock valued at $38,000 after buying an additional 411 shares in the last quarter. Eastern Bank purchased a new stake in abrdn Physical Gold Shares ETF in the 4th quarter valued at $47,000. Nvest Wealth Strategies Inc. purchased a new stake in abrdn Physical Gold Shares ETF in the 4th quarter valued at $51,000. Finally, BNP Paribas acquired a new stake in shares of abrdn Physical Gold Shares ETF in the 2nd quarter worth $39,000.

abrdn Physical Gold Shares ETF Stock Performance

NYSEARCA SGOL opened at $38.59 on Monday. abrdn Physical Gold Shares ETF has a 52 week low of $31.16 and a 52 week high of $52.84. The business’s fifty day simple moving average is $40.28 and its 200-day simple moving average is $43.97.

Key Headlines Impacting abrdn Physical Gold Shares ETF

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

• Positive Sentiment: Gold and silver are moving higher as traders focus on falling Treasury yields, which can support non-yielding assets like gold. Gold, Silver, Platinum Forecasts – Gold Rebounds As Oil Prices Pull Back
• Positive Sentiment: China’s June gold imports hit a fresh two-year high, suggesting lower prices are boosting physical demand in the world’s largest bullion market. China’s June gold imports hit fresh two-year high of 173 tonnes as lower prices boost demand
• Positive Sentiment: Gold remains a strategic holding for some large investors, with BlackRock’s Koesterich saying investors should still keep a modest allocation to the metal. Investors should still hold a modest amount of gold – BlackRock’s Koesterich
• Positive Sentiment: Gold rebounded as peace-talk hopes cooled oil prices and Treasury yields, easing some of the pressure that had weighed on the metal. Gold (XAUUSD) Price Forecast: Gold Recovers as Peace Talk Report Cools Oil
• Neutral Sentiment: Gold is still consolidating around the $4,000 level, with technical support holding but resistance near the recent highs limiting upside momentum. Gold Price Analysis – Gold Defends $4,000 Support Floor as High Rates Cap Gains
• Neutral Sentiment: Analysts continue to say gold is trapped between support and resistance, suggesting SGOL may remain range-bound unless yields, the dollar, or central bank demand shift more decisively. Gold Price Analysis – Gold Trapped Between $4,000 Support and $4,200 Resistance
• Negative Sentiment: Gold has also faced headwinds from a stronger U.S. dollar, higher rate expectations, and solid labor data, all of which can reduce demand for bullion. Gold Declines On Stronger Dollar, Fed Rate Hike Prospects

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.