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

Metis Global Partners LLC trimmed its position in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 9.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,150,494 shares of the company’s stock after selling 658,097 shares during the period. abrdn Physical Gold Shares ETF comprises 6.0% of Metis Global Partners LLC’s portfolio, making the stock its biggest holding. Metis Global Partners LLC owned about 3.39% of abrdn Physical Gold Shares ETF worth $252,662,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of SGOL. E Fund Management Co. Ltd. boosted its position in abrdn Physical Gold Shares ETF by 530.3% in the second 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 during the last quarter. MAI Capital Management boosted its position in abrdn Physical Gold Shares ETF by 1,277.1% in the third quarter. MAI Capital Management now owns 551,574 shares of the company’s stock worth $20,303,000 after purchasing an additional 511,522 shares during the last quarter. LPL Financial LLC boosted its position in abrdn Physical Gold Shares ETF by 17.1% in the fourth quarter. LPL Financial LLC now owns 2,059,659 shares of the company’s stock worth $84,611,000 after purchasing an additional 300,746 shares during the last quarter. Fulcrum Wealth Advisors LLC purchased a new position in abrdn Physical Gold Shares ETF in the fourth quarter worth about $11,600,000. Finally, MML Investors Services LLC boosted its position in abrdn Physical Gold Shares ETF by 149.5% in the second quarter. MML Investors Services LLC now owns 443,846 shares of the company’s stock worth $13,999,000 after purchasing an additional 265,946 shares during the last quarter.

abrdn Physical Gold Shares ETF Price Performance

Shares of NYSEARCA:SGOL opened at $38.88 on Thursday. The stock’s 50-day simple moving average is $43.92 and its two-hundred day simple moving average is $44.37. abrdn Physical Gold Shares ETF has a 52-week low of $31.05 and a 52-week high of $52.84.

abrdn Physical Gold Shares ETF News Summary

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 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.