abrdn Physical Gold Shares ETF $SGOL Position Raised by Ethos Financial Group LLC

Ethos Financial Group LLC grew its stake in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 2.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 makes up about 3.3% of Ethos Financial Group LLC’s portfolio, making the stock its 4th biggest position. Ethos Financial Group LLC owned about 0.57% of abrdn Physical Gold Shares ETF worth $45,698,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of SGOL. Walleye Capital LLC bought a new position in shares of abrdn Physical Gold Shares ETF during the 2nd quarter valued at approximately $224,000. Cerity Partners LLC lifted its position in abrdn Physical Gold Shares ETF by 42.3% in the second quarter. Cerity Partners LLC now owns 45,134 shares of the company’s stock worth $1,428,000 after buying an additional 13,424 shares during the last quarter. NewEdge Advisors LLC lifted its position in abrdn Physical Gold Shares ETF by 1.3% in the second quarter. NewEdge Advisors LLC now owns 303,309 shares of the company’s stock worth $9,566,000 after buying an additional 3,891 shares during the last quarter. BNP Paribas purchased a new position in abrdn Physical Gold Shares ETF during the second quarter worth $39,000. Finally, Darwin Wealth Management LLC bought a new position in abrdn Physical Gold Shares ETF during the second quarter valued at $259,000.

abrdn Physical Gold Shares ETF Trading Up 1.3%

SGOL stock opened at $38.61 on Wednesday. abrdn Physical Gold Shares ETF has a twelve month low of $31.16 and a twelve month high of $52.84. The firm’s fifty day simple moving average is $41.24 and its two-hundred day simple moving average is $44.15.

Key abrdn Physical Gold Shares ETF News

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

• 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

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.