Stillwater Private Wealth LLC acquired a new position in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL – Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 141,751 shares of the company’s stock, valued at approximately $6,324,000. abrdn Physical Gold Shares ETF accounts for about 5.4% of Stillwater Private Wealth LLC’s holdings, making the stock its 3rd largest holding. Stillwater Private Wealth LLC owned about 0.08% of abrdn Physical Gold Shares ETF at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the company. Parallel Advisors LLC raised its position in abrdn Physical Gold Shares ETF by 4.6% in the 1st quarter. Parallel Advisors LLC now owns 11,852 shares of the company’s stock valued at $529,000 after buying an additional 521 shares during the last quarter. NewEdge Advisors LLC boosted its position in abrdn Physical Gold Shares ETF by 30.9% during the 1st quarter. NewEdge Advisors LLC now owns 302,660 shares of the company’s stock worth $13,505,000 after acquiring an additional 71,527 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new position in abrdn Physical Gold Shares ETF during the 1st quarter worth approximately $236,000. Norris Financial Group LLC bought a new position in shares of abrdn Physical Gold Shares ETF during the 1st quarter worth approximately $13,671,000. Finally, Western Wealth Management LLC grew its stake in shares of abrdn Physical Gold Shares ETF by 1.0% during the 1st quarter. Western Wealth Management LLC now owns 24,659 shares of the company’s stock worth $1,100,000 after acquiring an additional 242 shares in the last quarter.
abrdn Physical Gold Shares ETF Trading Down 1.5%
NYSEARCA SGOL opened at $38.57 on Friday. abrdn Physical Gold Shares ETF has a 12-month low of $31.36 and a 12-month high of $52.84. The firm’s 50 day moving average is $39.83 and its 200-day moving average is $43.82.
Key Stories Impacting abrdn Physical Gold Shares ETF
- Positive Sentiment: Strong second-quarter central-bank gold buying reported by the World Gold Council supports the longer-term investment case for physical gold and SGOL. Gold, Silver Price Forecast: World Gold Council Reports Strong Central Bank Buying
- Positive Sentiment: The Fed’s decision to leave interest rates unchanged initially supported gold by reducing immediate tightening risk, although analysts expect precious metals to remain range-bound until greater policy clarity emerges. Fed’s Hawkish Hold Stabilizes Gold and Silver
- Positive Sentiment: Slower-than-expected second-quarter U.S. GDP growth could eventually support gold if it increases expectations for lower interest rates or additional economic weakness. Spot Gold Trades at $4,074 as U.S. GDP Rises 1.5%
- Neutral Sentiment: Gold remains broadly confined to a $4,000–$4,200 range, with resistance near $4,200–$4,203. A breakout could improve SGOL’s momentum, but traders are waiting for clearer signals from interest rates and Middle East developments. Gold Weekly Price Analysis
- Negative Sentiment: The 30-year Treasury yield tested levels not seen since 2007, increasing the opportunity cost of holding non-yielding gold and weighing on SGOL. Gold Pulls Back as Treasury Yields Test New Highs
- Negative Sentiment: July consumer sentiment improved more than expected to 55.2, while one-year inflation expectations eased. The combination of stronger confidence and lower near-term inflation reduced demand for gold as a defensive hedge. Spot Gold Near Session Lows After Consumer Sentiment Data
abrdn Physical Gold Shares ETF 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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