abrdn Physical Gold Shares ETF $SGOL Shares Sold by Kensington Asset Management LLC

Kensington Asset Management LLC reduced its stake in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 11.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 247,066 shares of the company’s stock after selling 30,936 shares during the period. abrdn Physical Gold Shares ETF accounts for about 0.5% of Kensington Asset Management LLC’s holdings, making the stock its 24th biggest position. Kensington Asset Management LLC owned 0.14% of abrdn Physical Gold Shares ETF worth $11,024,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Independent Wealth Network Inc. raised its position in shares of abrdn Physical Gold Shares ETF by 3.0% during the 1st quarter. Independent Wealth Network Inc. now owns 7,678 shares of the company’s stock worth $343,000 after purchasing an additional 221 shares during the last quarter. Sachetta LLC grew its holdings in abrdn Physical Gold Shares ETF by 8.2% during the 1st quarter. Sachetta LLC now owns 3,165 shares of the company’s stock valued at $141,000 after buying an additional 240 shares during the last quarter. Western Wealth Management LLC grew its holdings in 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 valued at $1,100,000 after buying an additional 242 shares during the last quarter. Xcel Wealth Management LLC increased its position in abrdn Physical Gold Shares ETF by 0.6% during the first quarter. Xcel Wealth Management LLC now owns 55,835 shares of the company’s stock worth $2,491,000 after buying an additional 306 shares in the last quarter. Finally, Compound Planning Inc. increased its position in abrdn Physical Gold Shares ETF by 0.4% during the first quarter. Compound Planning Inc. now owns 85,404 shares of the company’s stock worth $3,811,000 after buying an additional 360 shares in the last quarter.

Key Stories Impacting abrdn Physical Gold Shares ETF

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

• 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 Price Performance

NYSEARCA SGOL opened at $38.57 on Friday. abrdn Physical Gold Shares ETF has a fifty-two week low of $31.36 and a fifty-two week high of $52.84. The business has a fifty day moving average of $39.83 and a 200-day moving average of $43.82.

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.