Kensington Asset Management LLC grew its position in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL – Free Report) by 62.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 278,002 shares of the company’s stock after purchasing an additional 107,318 shares during the quarter. abrdn Physical Gold Shares ETF makes up approximately 0.6% of Kensington Asset Management LLC’s portfolio, making the stock its 21st largest holding. Kensington Asset Management LLC owned 0.15% of abrdn Physical Gold Shares ETF worth $11,501,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently modified their holdings of SGOL. Smartleaf Asset Management LLC bought a new position in shares of abrdn Physical Gold Shares ETF in the fourth quarter valued at approximately $27,000. Anfield Capital Management LLC bought a new position in shares of abrdn Physical Gold Shares ETF in the third quarter valued at approximately $37,000. BNP Paribas bought a new position in shares of abrdn Physical Gold Shares ETF in the second quarter valued at approximately $39,000. Eastern Bank bought a new position in shares of abrdn Physical Gold Shares ETF in the fourth quarter valued at approximately $47,000. Finally, Nvest Wealth Strategies Inc. bought a new position in shares of abrdn Physical Gold Shares ETF in the fourth quarter valued at approximately $51,000.
abrdn Physical Gold Shares ETF Price Performance
NYSEARCA:SGOL opened at $40.10 on Friday. abrdn Physical Gold Shares ETF has a 12 month low of $31.05 and a 12 month high of $52.84. The company’s 50 day moving average is $43.72 and its 200-day moving average is $44.34.
Trending Headlines about abrdn Physical Gold Shares ETF
- Positive Sentiment: Gold is showing signs of a rebound after testing major support, with buyers defending the $4,000 area and some traders seeing a potential bottom. Gold (XAU/USD) Price Forecast: Failed Breakdown Hints at Rebound
- Positive Sentiment: Geopolitical uncertainty continues to support demand for gold, with multiple reports pointing to renewed safe-haven buying as tensions in the Middle East remain in focus. Gold Price Analysis – Gold Jumps at Open on Friday
- Positive Sentiment: Spot gold has held near the $4,200/oz area despite stronger U.S. consumer sentiment, suggesting buyers are still stepping in on dips. Spot gold hovers near $4,200/oz after preliminary Consumer Sentiment rises to 48.9, one-year inflation expectations dip to 4.6%
- Neutral Sentiment: CME plans to offer 24/7 gold trading, which could improve market access and liquidity over time, but it is more of a structural industry development than an immediate price catalyst. CME to offer 24/7 gold and oil trading
- Neutral Sentiment: Gold remains in a tug-of-war between safe-haven buying and pressure from higher Treasury yields, stronger inflation readings, and expectations that the Fed may keep rates elevated for longer. Gold (XAUUSD) Price Forecast: Death Cross Threatens Gold Price as Fed Hike Bets Rise
- Negative Sentiment: Some analysts warn gold’s recent weakness could continue if a bearish technical pattern develops and the market fails to hold support. Gold (XAU/USD) Price Forecast: Undercut Setup Signals Potential Bottom
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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