abrdn Physical Gold Shares ETF $SGOL Holdings Reduced by Metis Global Partners LLC

Metis Global Partners LLC cut its holdings in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 9.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,150,494 shares of the company’s stock after selling 658,097 shares during the period. abrdn Physical Gold Shares ETF accounts for 6.0% of Metis Global Partners LLC’s holdings, making the stock its biggest holding. Metis Global Partners LLC’s holdings in abrdn Physical Gold Shares ETF were worth $252,662,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Anfield Capital Management LLC purchased a new position in abrdn Physical Gold Shares ETF in the 3rd quarter worth approximately $37,000. Eastern Bank purchased a new stake in shares of abrdn Physical Gold Shares ETF during the 4th quarter worth approximately $47,000. Nvest Wealth Strategies Inc. purchased a new stake in shares of abrdn Physical Gold Shares ETF during the 4th quarter worth approximately $51,000. BNP Paribas purchased a new stake in shares of abrdn Physical Gold Shares ETF during the 2nd quarter worth approximately $39,000. Finally, High Point Wealth Management LLC purchased a new stake in shares of abrdn Physical Gold Shares ETF during the 4th quarter worth approximately $82,000.

Trending Headlines about abrdn Physical Gold Shares ETF

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

• Negative Sentiment: Gold has broken below key technical support levels, including its 200-day moving average, raising the risk of a deeper decline. Gold (XAU/USD) Price Forecast: Bearish Breakdown Signals Trend Shift Risk
• Negative Sentiment: Traders are increasingly betting that gold’s downturn could last for an extended period, with selling pressure worsening and the GLD ETF falling sharply from its recent peak. As gold’s tumble continues, traders bet the pain may last for two more years
• Negative Sentiment: Hot CPI data reinforced expectations for higher interest rates, lifting the dollar and pressuring gold prices further. Gold (XAUUSD) Price Forecast: Gold Price Tumbles as Hot CPI Reinforces Fed Rate Hike Path
• Negative Sentiment: Gold remains under broad selling pressure as rate-hike expectations, a stronger U.S. dollar, and rising yields continue to weigh on precious metals. Gold and Silver Price Forecast: Metals Face Pressure Before CPI Data
• Negative Sentiment: Multiple technical updates say gold is still below important trend indicators and remains vulnerable to further downside if support fails. Gold Price Analysis – Gold Continues to See Selling Pressure

abrdn Physical Gold Shares ETF Stock Down 4.1%

Shares of SGOL opened at $38.88 on Thursday. abrdn Physical Gold Shares ETF has a 1 year low of $31.05 and a 1 year high of $52.84. The business’s 50 day simple moving average is $43.92 and its 200-day simple moving average is $44.37.

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.