Avestar Capital LLC Has $9.36 Million Stake in abrdn Physical Gold Shares ETF $SGOL

Avestar Capital LLC raised its holdings in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 25.8% in the fourth quarter, Holdings Channel reports. The fund owned 227,857 shares of the company’s stock after acquiring an additional 46,745 shares during the period. abrdn Physical Gold Shares ETF accounts for about 0.6% of Avestar Capital LLC’s portfolio, making the stock its 28th biggest position. Avestar Capital LLC’s holdings in abrdn Physical Gold Shares ETF were worth $9,360,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Northeast Financial Group Inc. grew its stake in abrdn Physical Gold Shares ETF by 3.3% in the third quarter. Northeast Financial Group Inc. now owns 9,094 shares of the company’s stock valued at $335,000 after acquiring an additional 290 shares during the period. Berkeley Capital Partners LLC grew its stake in abrdn Physical Gold Shares ETF by 2.6% in the third quarter. Berkeley Capital Partners LLC now owns 12,383 shares of the company’s stock valued at $456,000 after acquiring an additional 314 shares during the period. Prospera Financial Services Inc grew its stake in abrdn Physical Gold Shares ETF by 3.9% in the third quarter. Prospera Financial Services Inc now owns 9,316 shares of the company’s stock valued at $343,000 after acquiring an additional 347 shares during the period. Ashton Thomas Private Wealth LLC grew its stake in abrdn Physical Gold Shares ETF by 3.4% in the third quarter. Ashton Thomas Private Wealth LLC now owns 10,938 shares of the company’s stock valued at $403,000 after acquiring an additional 355 shares during the period. Finally, Barnes Wealth Management Group Inc grew its stake in abrdn Physical Gold Shares ETF by 4.1% in the third quarter. Barnes Wealth Management Group Inc now owns 9,876 shares of the company’s stock valued at $364,000 after acquiring an additional 390 shares during the period.

abrdn Physical Gold Shares ETF Price Performance

NYSEARCA:SGOL opened at $42.30 on Thursday. abrdn Physical Gold Shares ETF has a 1 year low of $31.05 and a 1 year high of $52.84. The stock has a 50-day moving average price of $44.08 and a two-hundred day moving average price of $44.29.

More abrdn Physical Gold Shares ETF News

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

• Positive Sentiment: Central banks returned to net buying in April, purchasing 17 tonnes of gold, which supports longer-term demand for bullion. Central banks buy net 17 tonnes of gold in April, led by Poland and China – WGC
• Positive Sentiment: Some technical commentary says gold futures have likely improved after repeatedly finding support near $4,400, with momentum indicators starting to turn higher. Gold Futures’ Technical Backdrop Likely Improved, Charts Show
• Neutral Sentiment: Gold also benefited at times from a weaker dollar and falling rates, but traders remain cautious ahead of upcoming U.S. jobs data and other macro catalysts. Gold Rises Amid Mild Dollar Weakness
• Neutral Sentiment: Market views are mixed, with gold consolidating in a tight range and a breakout likely only after a clear move above resistance or below support. Gold (XAU/USD) Price Forecast: Bearish Structure Tests Key Support Zones
• Negative Sentiment: Multiple reports say gold is under pressure from expectations that the Federal Reserve may need to raise rates, which tends to weigh on non-yielding assets like bullion. TD Securities cuts H2 2026 gold price forecasts as markets price in Fed rate hike
• Negative Sentiment: Gold has also been described as breaking below key support near $4,500 amid bearish momentum, with traders citing strong dollar, higher yields, and hawkish central-bank expectations. Gold (XAUUSD) & Silver Price Forecast: Truce Stability vs Channel Breakdown — Gold Falls to $4,472, Silver at $74.80?

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.