Ethos Financial Group LLC lifted its position in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL – Free Report) by 2.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,024,396 shares of the company’s stock after purchasing an additional 27,071 shares during the period. abrdn Physical Gold Shares ETF accounts for about 3.3% of Ethos Financial Group LLC’s investment portfolio, making the stock its 4th biggest position. Ethos Financial Group LLC’s holdings in abrdn Physical Gold Shares ETF were worth $45,698,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its position in abrdn Physical Gold Shares ETF by 5.8% during the 4th quarter. JPMorgan Chase & Co. now owns 4,367,518 shares of the company’s stock valued at $179,418,000 after purchasing an additional 238,704 shares in the last quarter. Bank of America Corp DE increased its stake in shares of abrdn Physical Gold Shares ETF by 2.6% during the third quarter. Bank of America Corp DE now owns 3,743,548 shares of the company’s stock valued at $137,800,000 after buying an additional 96,381 shares during the period. Wells Fargo & Company MN increased its stake in shares of abrdn Physical Gold Shares ETF by 2.6% during the fourth quarter. Wells Fargo & Company MN now owns 3,026,827 shares of the company’s stock valued at $124,342,000 after buying an additional 77,300 shares during the period. Morgan Stanley raised its holdings in shares of abrdn Physical Gold Shares ETF by 5.7% in the fourth quarter. Morgan Stanley now owns 2,319,730 shares of the company’s stock valued at $95,295,000 after acquiring an additional 124,404 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in shares of abrdn Physical Gold Shares ETF by 17.1% in the fourth quarter. LPL Financial LLC now owns 2,059,659 shares of the company’s stock valued at $84,611,000 after acquiring an additional 300,746 shares in the last quarter.
abrdn Physical Gold Shares ETF Trading Up 1.3%
Shares of abrdn Physical Gold Shares ETF stock opened at $38.61 on Wednesday. abrdn Physical Gold Shares ETF has a 1 year low of $31.16 and a 1 year high of $52.84. The firm’s 50-day moving average is $41.24 and its two-hundred day moving average is $44.15.
abrdn Physical Gold Shares ETF News Summary
- Positive Sentiment: Gold rallied after the latest CPI report came in weaker than expected, helping defend key support levels and improving sentiment for precious metals funds like SGOL. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Rallies As U.S. Inflation Rate Misses Estimates
- Positive Sentiment: Some market watchers argue the recent pullback in gold is just noise and that mining stocks remain a standout trade, reinforcing the bullish longer-term case for the metal. VanEck’s Casanova sees gold’s pullback as noise, says mining stocks remain the standout trade
- Positive Sentiment: Several forecasts say gold may have formed a short-term low, with expectations for higher prices ahead if support holds. Gold Price Forecast: The Pullback Is Over – Higher Prices Ahead
- Neutral Sentiment: Some analysts still see near-term resistance overhead and say bears remain in control unless gold breaks out decisively, which could limit upside for SGOL in the short run. Gold (XAU/USD) Price Forecast: Bears Defend Key Resistance Zone
- Negative Sentiment: Gold was pressured in earlier reports by rising bond yields, hawkish Fed expectations, and concerns that safe-haven demand is fading, all of which could weigh on SGOL if those trends return. Gold Declines Amid Broad Rise in Yields, Monetary Policy Concerns
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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