Cauble & Harre Wealth Management Inc. Invests $1.58 Million in abrdn Physical Gold Shares ETF $SGOL

Cauble & Harre Wealth Management Inc. acquired a new position in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 38,393 shares of the company’s stock, valued at approximately $1,577,000. abrdn Physical Gold Shares ETF comprises about 1.3% of Cauble & Harre Wealth Management Inc.’s portfolio, making the stock its 21st largest holding.

Other hedge funds also recently made changes to their positions in the company. Glass Jacobson Investment Advisors llc bought a new stake in shares of abrdn Physical Gold Shares ETF during the 3rd quarter worth $37,000. Anfield Capital Management LLC bought a new stake in abrdn Physical Gold Shares ETF in the 3rd quarter worth approximately $37,000. Eastern Bank bought a new stake in abrdn Physical Gold Shares ETF in the 4th quarter worth approximately $47,000. Nvest Wealth Strategies Inc. bought a new stake in abrdn Physical Gold Shares ETF in the 4th quarter worth approximately $51,000. Finally, BNP Paribas bought a new stake in abrdn Physical Gold Shares ETF in the 2nd quarter worth approximately $39,000.

abrdn Physical Gold Shares ETF News Summary

Here are the key news stories impacting abrdn Physical Gold Shares ETF this week:

• Neutral Sentiment: Gold was still finding some support from geopolitical uncertainty and defensive buying, even as broader market pressure pushed prices lower. Gold Prices Rise on Strong Demand
• Neutral Sentiment: Some traders see a key support area near $4,500 to $4,700 as important, suggesting gold could stabilize there if selling pressure eases. Wall Street sees gold dropping further as yields and the dollar strengthen
• Neutral Sentiment: Technical analysis points to a bearish breakdown in gold, with risk of a deeper correction if key support levels fail. Gold (XAU/USD) Price Forecast: Bearish Breakdown Targets Major Support
• Neutral Sentiment: Gold held above support in some trading sessions, but that resilience has been repeatedly challenged by stronger dollar and yield momentum. Silver drops 4.6% as yields rise, gold holds above $4,650 – Kitco PM Report
• Negative Sentiment: Gold broke below key short-term support, increasing the odds of further downside in precious metals and pressure on SGOL. Gold (XAUUSD) & Silver Price Forecast: Trump-Xi Summit + Hot CPI
• Negative Sentiment: Multiple reports say a stronger dollar, higher yields, and hotter inflation are weighing on gold and undermining demand for the ETF’s underlying asset. Gold News: Gold Price Breaks Lower as Dollar Hits 99 and Yields Surge
• Negative Sentiment: Market commentary also highlights that rising U.S. economic data, including retail sales and factory activity, is reducing safe-haven demand and adding downside risk for gold. Gold could see further headwinds as New York Empire State Survey rises to 19.6

abrdn Physical Gold Shares ETF Stock Performance

NYSEARCA:SGOL opened at $43.28 on Friday. The business has a 50 day moving average of $45.17 and a 200 day moving average of $43.84. abrdn Physical Gold Shares ETF has a 1-year low of $30.20 and a 1-year high of $52.84.

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.