Choate Investment Advisors Has $14.23 Million Stock Holdings in abrdn Physical Gold Shares ETF $SGOL

Choate Investment Advisors increased its holdings in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 13.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 346,383 shares of the company’s stock after purchasing an additional 40,341 shares during the period. Choate Investment Advisors’ holdings in abrdn Physical Gold Shares ETF were worth $14,229,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Prospera Financial Services Inc lifted its position in shares of abrdn Physical Gold Shares ETF by 8.0% during the 4th quarter. Prospera Financial Services Inc now owns 10,059 shares of the company’s stock worth $413,000 after purchasing an additional 743 shares during the last quarter. Strategic Financial Concepts LLC acquired a new position in shares of abrdn Physical Gold Shares ETF during the 4th quarter worth about $507,000. Empirical Asset Management LLC lifted its position in shares of abrdn Physical Gold Shares ETF by 21.6% during the 4th quarter. Empirical Asset Management LLC now owns 205,971 shares of the company’s stock worth $8,461,000 after purchasing an additional 36,578 shares during the last quarter. Axxcess Wealth Management LLC acquired a new position in shares of abrdn Physical Gold Shares ETF during the 4th quarter worth about $1,188,000. Finally, MJP Associates Inc. ADV increased its stake in abrdn Physical Gold Shares ETF by 33.3% during the fourth quarter. MJP Associates Inc. ADV now owns 7,598 shares of the company’s stock valued at $312,000 after acquiring an additional 1,896 shares during the period.

Trending Headlines about abrdn Physical Gold Shares ETF

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 Price Performance

abrdn Physical Gold Shares ETF stock opened at $42.94 on Monday. The business has a 50 day moving average price of $44.57 and a two-hundred day moving average price of $44.06. abrdn Physical Gold Shares ETF has a 12 month low of $31.05 and a 12 month high of $52.84.

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.