Compass Financial Management LLC decreased its holdings in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL – Free Report) by 92.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,258 shares of the company’s stock after selling 27,875 shares during the period. Compass Financial Management LLC’s holdings in abrdn Physical Gold Shares ETF were worth $89,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Ethos Financial Group LLC lifted its stake in shares of abrdn Physical Gold Shares ETF by 2.7% in the 1st quarter. Ethos Financial Group LLC now owns 1,024,396 shares of the company’s stock valued at $45,698,000 after purchasing an additional 27,071 shares during the period. Waverly Advisors LLC grew its stake in shares of abrdn Physical Gold Shares ETF by 1.3% during the second quarter. Waverly Advisors LLC now owns 966,282 shares of the company’s stock worth $36,941,000 after purchasing an additional 12,554 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of abrdn Physical Gold Shares ETF during the third quarter worth $28,624,000. NewEdge Advisors LLC grew its stake in shares of abrdn Physical Gold Shares ETF by 129.9% during the second quarter. NewEdge Advisors LLC now owns 695,666 shares of the company’s stock worth $26,595,000 after purchasing an additional 393,006 shares during the period. Finally, Kestra Advisory Services LLC grew its stake in shares of abrdn Physical Gold Shares ETF by 28.2% during the first quarter. Kestra Advisory Services LLC now owns 692,666 shares of the company’s stock worth $30,907,000 after purchasing an additional 152,348 shares during the period.
Key Stories Impacting abrdn Physical Gold Shares ETF
Here are the key news stories impacting abrdn Physical Gold Shares ETF this week:
- Positive Sentiment: Gold’s rebound has produced bullish breakout signals, raising the possibility that its recent correction is ending. Lower Treasury yields and a weaker dollar earlier in the week helped support demand. Gold (XAU/USD) Price Forecast: Breakout Signals Potential End to Correction
- Positive Sentiment: The World Bank expects gold to remain above $4,000 through 2028, a longer-term supportive signal for an ETF holding physical gold, though it cautions that investors may not see 2026’s exceptional gains repeated. World Bank sees gold holding above $4,000 through 2028
- Neutral Sentiment: Gold rallied amid a volatile week and post-election developments, but analysts are divided on whether the recovery can continue. The rally’s durability may determine whether SGOL can regain ground. Wall Street split on gold following midterm election
- Negative Sentiment: Stronger-than-expected U.S. payrolls lifted the dollar and weighed on gold, as robust employment can reduce expectations for interest-rate cuts. Friday’s pullback also tests whether former resistance levels can now act as support. Gold retreats as dollar rallies after NFP report
abrdn Physical Gold Shares ETF Price Performance
NYSEARCA:SGOL opened at $38.70 on Friday. abrdn Physical Gold Shares ETF has a 1-year low of $36.83 and a 1-year high of $52.84. The business’s 50-day moving average price is $39.97 and its two-hundred day moving average price is $42.70.
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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