Cauble & Harre Wealth Management Inc. purchased a new position in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 38,393 shares of the company’s stock, valued at approximately $1,577,000. abrdn Physical Gold Shares ETF comprises about 1.3% of Cauble & Harre Wealth Management Inc.’s investment portfolio, making the stock its 21st largest position.
Several other hedge funds have also added to or reduced their stakes in SGOL. Walleye Capital LLC bought a new stake in abrdn Physical Gold Shares ETF in the second quarter worth $224,000. Cerity Partners LLC lifted its position in abrdn Physical Gold Shares ETF by 42.3% in the second quarter. Cerity Partners LLC now owns 45,134 shares of the company’s stock valued at $1,428,000 after purchasing an additional 13,424 shares during the last quarter. NewEdge Advisors LLC lifted its position in abrdn Physical Gold Shares ETF by 1.3% in the second quarter. NewEdge Advisors LLC now owns 303,309 shares of the company’s stock valued at $9,566,000 after purchasing an additional 3,891 shares during the last quarter. BNP Paribas bought a new stake in abrdn Physical Gold Shares ETF in the second quarter valued at approximately $39,000. Finally, Darwin Wealth Management LLC bought a new stake in abrdn Physical Gold Shares ETF in the second quarter valued at approximately $259,000.
abrdn Physical Gold Shares ETF News Roundup
Here are the key news stories impacting abrdn Physical Gold Shares ETF this week:
- Neutral Sentiment: Gold was still finding some support from geopolitical uncertainty and defensive buying, even as broader market pressure pushed prices lower. Gold Prices Rise on Strong Demand
- Neutral Sentiment: Some traders see a key support area near $4,500 to $4,700 as important, suggesting gold could stabilize there if selling pressure eases. Wall Street sees gold dropping further as yields and the dollar strengthen
- Neutral Sentiment: Technical analysis points to a bearish breakdown in gold, with risk of a deeper correction if key support levels fail. Gold (XAU/USD) Price Forecast: Bearish Breakdown Targets Major Support
- Neutral Sentiment: Gold held above support in some trading sessions, but that resilience has been repeatedly challenged by stronger dollar and yield momentum. Silver drops 4.6% as yields rise, gold holds above $4,650 – Kitco PM Report
- Negative Sentiment: Gold broke below key short-term support, increasing the odds of further downside in precious metals and pressure on SGOL. Gold (XAUUSD) & Silver Price Forecast: Trump-Xi Summit + Hot CPI
- Negative Sentiment: Multiple reports say a stronger dollar, higher yields, and hotter inflation are weighing on gold and undermining demand for the ETF’s underlying asset. Gold News: Gold Price Breaks Lower as Dollar Hits 99 and Yields Surge
- Negative Sentiment: Market commentary also highlights that rising U.S. economic data, including retail sales and factory activity, is reducing safe-haven demand and adding downside risk for gold. Gold could see further headwinds as New York Empire State Survey rises to 19.6
abrdn Physical Gold Shares ETF Trading Down 2.3%
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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