Strategic Financial Concepts LLC Takes $507,000 Position in abrdn Physical Gold Shares ETF $SGOL

Strategic Financial Concepts LLC purchased a new stake in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 12,346 shares of the company’s stock, valued at approximately $507,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Northeast Financial Group Inc. raised its stake in shares of abrdn Physical Gold Shares ETF by 3.3% during 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 in the last quarter. Berkeley Capital Partners LLC raised its stake in shares of abrdn Physical Gold Shares ETF by 2.6% during 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 in the last quarter. Prospera Financial Services Inc raised its stake in shares of abrdn Physical Gold Shares ETF by 3.9% during 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 in the last quarter. Ashton Thomas Private Wealth LLC raised its stake in shares of abrdn Physical Gold Shares ETF by 3.4% during 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 in the last quarter. Finally, Barnes Wealth Management Group Inc raised its stake in shares of abrdn Physical Gold Shares ETF by 4.1% during 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 in the last quarter.

abrdn Physical Gold Shares ETF Stock Down 0.7%

abrdn Physical Gold Shares ETF stock opened at $42.94 on Friday. The company has a 50 day moving average price of $44.57 and a 200-day moving average price of $44.02. abrdn Physical Gold Shares ETF has a fifty-two week low of $31.05 and a fifty-two week high of $52.84.

More abrdn Physical Gold Shares ETF News

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

• Negative Sentiment: Spot gold fell as traders reacted to stronger Treasury yields, a firmer dollar, and hawkish Fed inflation/rate language, which weighed on the metal and SGOL. Gold weakens as U.S.-Iran talks keep oil, rates in focus – Kitco PM Report
• Negative Sentiment: Multiple analysts said gold was losing ground because markets were increasingly focused on Fed rate-hike risk and sticky inflation, reducing demand for non-yielding assets like gold. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Pulls Back As Traders Worry About Hawkish Fed
• Negative Sentiment: Gold also broke lower technically and traded near session lows after weak consumer sentiment data was overshadowed by rising inflation expectations and persistent rate concerns. Spot gold hits session low near $4,500/oz after final Consumer Sentiment drops to 44.8, one-year and long-term inflation expectations rise
• Neutral Sentiment: Some reports noted gold is still holding key support and remains in a broader bullish long-term structure, but near-term trading has turned choppy as investors wait for a clearer catalyst. Gold (XAU/USD) Price Forecast: Compression Signals Major Breakout Potential
• Neutral Sentiment: Gold is still being supported by geopolitical uncertainty and bond-market volatility, but those tailwinds have been offset by rate worries and a stronger dollar, leaving prices range-bound. Gold, silver prices remain caught between rate hike fears and bond market stress

abrdn Physical Gold Shares ETF 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.