Compass Financial Management LLC Makes New $1.15 Million Investment in abrdn Physical Gold Shares ETF $SGOL

Compass Financial Management LLC bought a new position in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 30,133 shares of the company’s stock, valued at approximately $1,152,000.

A number of other institutional investors have also modified their holdings of the stock. Waverly Advisors LLC lifted its position in shares of abrdn Physical Gold Shares ETF by 3,435.6% during the first quarter. Waverly Advisors LLC now owns 953,728 shares of the company’s stock worth $42,555,000 after purchasing an additional 926,753 shares during the last quarter. Jain Global LLC bought a new stake in abrdn Physical Gold Shares ETF in the fourth quarter valued at about $26,465,000. E Fund Management Co. Ltd. raised its stake in abrdn Physical Gold Shares ETF by 530.3% during the second quarter. E Fund Management Co. Ltd. now owns 753,291 shares of the company’s stock valued at $23,759,000 after buying an additional 633,786 shares in the last quarter. Norris Financial Group LLC acquired a new stake in abrdn Physical Gold Shares ETF during the first quarter valued at approximately $13,671,000. Finally, LPL Financial LLC raised its stake in abrdn Physical Gold Shares ETF by 17.1% during the fourth quarter. LPL Financial LLC now owns 2,059,659 shares of the company’s stock valued at $84,611,000 after buying an additional 300,746 shares in the last quarter.

Key abrdn Physical Gold Shares ETF News

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

• Positive Sentiment: Gold climbed above $4,600 per ounce as investors interpreted the Treasury’s expanded long-term bond-buyback plans as a sign of fiscal and bond-market stress. The resulting dollar selling and lower-yield expectations are supportive for SGOL. Gold Above $4,600 on Weaker Dollar, Debt Fears
• Positive Sentiment: Gold is on track for a strong weekly gain as bond jitters, concerns over rising U.S. debt and a weaker dollar revive safe-haven demand. Gold rebounds as bond jitters, debt fears and weaker dollar revive bullion demand
• Positive Sentiment: Billionaire investor Ray Dalio said Treasury actions may indicate that a debt crisis is drawing closer and recommended gold and bitcoin, reinforcing gold’s appeal as a portfolio hedge. Ray Dalio says Bessent move is sign that a debt crisis is getting closer
• Positive Sentiment: Technical momentum has improved, with gold clearing major resistance and its 200-day moving average; analysts are raising longer-term targets, including forecasts of $5,000 or more. Gold Price Analysis – Gold Clears $4,600 Resistance as Golden Cross Emerges
• Neutral Sentiment: Stronger-than-expected August U.S. services activity helped gold hold its gains, but resilient economic data could complicate expectations for future Federal Reserve easing. Spot gold holds above $4,585/oz as flash S&P composite PMI improves
• Negative Sentiment: Profit-taking, recovering Treasury yields and renewed expectations that the Federal Reserve could raise rates remain risks to gold and SGOL. Gold News: Yields Recover as Fed Minutes and Profit-Taking Cap the Gold Rally

abrdn Physical Gold Shares ETF Price Performance

NYSEARCA:SGOL opened at $43.96 on Monday. The business’s 50 day moving average is $39.73 and its two-hundred day moving average is $43.30. abrdn Physical Gold Shares ETF has a 52 week low of $31.74 and a 52 week high of $52.84.

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.