Rockefeller Capital Management L.P. grew its stake in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL – Free Report) by 121.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 177,231 shares of the company’s stock after acquiring an additional 97,233 shares during the period. Rockefeller Capital Management L.P.’s holdings in abrdn Physical Gold Shares ETF were worth $7,281,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of SGOL. Smartleaf Asset Management LLC bought a new position in abrdn Physical Gold Shares ETF in the 4th quarter worth about $27,000. Anfield Capital Management LLC bought a new stake in abrdn Physical Gold Shares ETF during the 3rd quarter valued at about $37,000. Eastern Bank bought a new stake in abrdn Physical Gold Shares ETF during the 4th quarter valued at about $47,000. BNP Paribas bought a new stake in abrdn Physical Gold Shares ETF during the 2nd quarter valued at about $39,000. Finally, Nvest Wealth Strategies Inc. purchased a new position in abrdn Physical Gold Shares ETF in the fourth quarter worth about $51,000.
abrdn Physical Gold Shares ETF Trading Up 1.0%
Shares of NYSEARCA SGOL opened at $38.34 on Friday. The firm’s 50 day moving average price is $42.78 and its 200-day moving average price is $44.37. abrdn Physical Gold Shares ETF has a 52-week low of $31.05 and a 52-week high of $52.84.
Key Headlines Impacting abrdn Physical Gold Shares ETF
- Positive Sentiment: Gold regained some ground after a steep selloff, with traders citing a pullback in the U.S. dollar and falling Treasury yields as support for the metal. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Attempts To Rebound After Strong Sell-Off
- Positive Sentiment: Gold briefly moved back above $4,000 after U.S. weekly jobless claims came in below expectations, reinforcing demand for precious metals as investors digested mixed macro data. Spot gold shoots back above $4,000/oz after U.S. weekly jobless claims dip to 215k
- Positive Sentiment: Gold also found support from a hotter-than-expected inflation reading, which can bolster the appeal of gold as an inflation hedge. Gold Gains Over 1%; Fed’s Preferred Inflation Gauge Surges To 3-Year High
- Neutral Sentiment: Despite the rebound, several reports warned that gold remains technically weak after breaking key trendline support and slipping below the $4,000 level, suggesting downside risk may persist if macro conditions turn less favorable. Gold (XAU/USD) Price Forecast: Trendline Failure Signals Deeper Downside Risk
- Neutral Sentiment: Some analysts also noted that rising U.S. dollar strength, higher yields, and Fed rate-hike expectations have been weighing on gold recently, which remains a headwind for SGOL if those trends continue. Gold Edges Higher, But Fed Rate-Hike Expectations Weigh
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.
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Want to see what other hedge funds are holding SGOL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for abrdn Physical Gold Shares ETF (NYSEARCA:SGOL – Free Report).
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