26,658 Shares in abrdn Physical Gold Shares ETF $SGOL Purchased by Osbon Capital Management LLC

Osbon Capital Management LLC purchased a new stake in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) in the 4th quarter, Holdings Channel reports. The fund purchased 26,658 shares of the company’s stock, valued at approximately $1,095,000. abrdn Physical Gold Shares ETF accounts for about 1.0% of Osbon Capital Management LLC’s holdings, making the stock its 20th biggest position.

A number of other hedge funds have also recently bought and sold shares of SGOL. Jain Global LLC acquired a new position in shares of abrdn Physical Gold Shares ETF during the 4th quarter worth approximately $26,465,000. E Fund Management Co. Ltd. raised its stake in shares of abrdn Physical Gold Shares ETF by 530.3% during the 2nd quarter. E Fund Management Co. Ltd. now owns 753,291 shares of the company’s stock worth $23,759,000 after purchasing an additional 633,786 shares in the last quarter. MAI Capital Management boosted its holdings in shares of abrdn Physical Gold Shares ETF by 1,277.1% in the 3rd quarter. MAI Capital Management now owns 551,574 shares of the company’s stock valued at $20,303,000 after buying an additional 511,522 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of abrdn Physical Gold Shares ETF by 17.1% in the 4th 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 during the last quarter. Finally, Fulcrum Wealth Advisors LLC bought a new position in shares of abrdn Physical Gold Shares ETF in the fourth quarter valued at $11,600,000.

More abrdn Physical Gold Shares ETF News

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

• Negative Sentiment: Gold prices weakened after the Fed signaled it could still raise rates later this year, pushing yields and the dollar higher and pressuring precious metals. Hawkish Fed keeps pressure on gold as physical premiums soften – Kitco PM Report
• Negative Sentiment: Multiple market forecasts point to gold retesting support and potentially extending its downtrend as traders focus on a hawkish policy backdrop. Gold (XAU/USD) Price Forecast: Support Test Could Shape Next Major Move
• Negative Sentiment: Analysts said gold is facing selling pressure from higher yields, a stronger dollar, and a hawkish shift in expectations for Fed policy. Gold News: Fed’s Warsh Rewrites Gold Market Outlook With Hawkish Shift
• Negative Sentiment: Gold and other precious metals were described as under pressure as traders prepare for possible rate hikes, keeping sentiment weak across the sector. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Tests New Lows As Traders Focus On Hawkish Fed Policy Outlook
• Negative Sentiment: Gold fell despite geopolitical relief, as the market judged the Fed’s hawkish stance to be the dominant force. Gold Falls As Hawkish Fed Outweighs U.S.-Iran Deal Relief

abrdn Physical Gold Shares ETF Stock Performance

Shares of SGOL opened at $40.16 on Friday. abrdn Physical Gold Shares ETF has a 1-year low of $31.05 and a 1-year high of $52.84. The company’s fifty day simple moving average is $43.32 and its 200 day simple moving average is $44.38.

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.