abrdn Physical Gold Shares ETF $SGOL Stock Bought by Fulcrum Wealth Advisors LLC

Fulcrum Wealth Advisors LLC lifted its position in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 7.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 286,902 shares of the company’s stock after buying an additional 18,937 shares during the quarter. abrdn Physical Gold Shares ETF makes up 7.7% of Fulcrum Wealth Advisors LLC’s investment portfolio, making the stock its largest position. Fulcrum Wealth Advisors LLC’s holdings in abrdn Physical Gold Shares ETF were worth $11,350,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SGOL. Vontobel Holding Ltd. purchased a new position in shares of abrdn Physical Gold Shares ETF during the third quarter valued at approximately $421,000. TD Waterhouse Canada Inc. acquired a new stake in abrdn Physical Gold Shares ETF during the third quarter worth approximately $72,000. Eagle Bay Advisors LLC boosted its position in abrdn Physical Gold Shares ETF by 1.8% during the third quarter. Eagle Bay Advisors LLC now owns 16,985 shares of the company’s stock worth $672,000 after acquiring an additional 294 shares during the last quarter. Goldstein Advisors LLC grew its stake in abrdn Physical Gold Shares ETF by 76.9% in the 3rd quarter. Goldstein Advisors LLC now owns 10,119 shares of the company’s stock worth $400,000 after acquiring an additional 4,399 shares during the period. Finally, Kellett Wealth Advisors LLC purchased a new stake in abrdn Physical Gold Shares ETF in the 3rd quarter worth approximately $5,694,000.

abrdn Physical Gold Shares ETF News Summary

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

• Positive Sentiment: Gold has rebounded from the $4,000 demand zone and held key support for a third consecutive week. Falling real Treasury yields and a weaker U.S. dollar are encouraging demand for the non-yielding metal, which could support SGOL if gold breaks above nearby resistance. Gold Weekly Price Forecast – Gold Tests $4,000 Demand Zone as Lower Real Yields Offer Support
• Positive Sentiment: Technical conditions remain constructive, with repeated failures below major support levels and improving weekly price structure raising the prospect of an upside breakout. A weaker dollar and easing Treasury yields have also helped gold recover. Gold (XAU/USD) Price Forecast: Bulls Face Crucial $4,226 Resistance
• Neutral Sentiment: Gold is testing resistance near $4,201-$4,226 after holding around $4,176. A breakout could improve the outlook for SGOL, while another rejection would reinforce the current consolidation pattern. Gold and Silver Price Forecast: Fed Hike Bets in Focus
• Negative Sentiment: Hot inflation data, including a 6.3% producer-price reading, is sustaining expectations for a possible December Fed rate hike. Higher-rate expectations can lift yields and reduce the appeal of gold, limiting upside for SGOL even as October hike pressure has eased. Gold Price Forecast: Warsh Eases October Hike Pressure, December Risk Remains

abrdn Physical Gold Shares ETF Stock Down 0.2%

SGOL stock opened at $39.68 on Friday. The company has a 50 day moving average price of $41.25 and a two-hundred day moving average price of $41.58. abrdn Physical Gold Shares ETF has a one year low of $37.31 and a one year 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.