Osbon Capital Management LLC Acquires New Stake in abrdn Physical Gold Shares ETF $SGOL

Osbon Capital Management LLC bought a new position in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 26,658 shares of the company’s stock, valued at approximately $1,095,000. abrdn Physical Gold Shares ETF makes up approximately 1.0% of Osbon Capital Management LLC’s investment portfolio, making the stock its 20th largest position.

A number of other large investors have also recently added to or reduced their stakes in SGOL. Smartleaf Asset Management LLC bought a new stake in shares of abrdn Physical Gold Shares ETF in the fourth quarter valued at about $27,000. Anfield Capital Management LLC bought a new stake in abrdn Physical Gold Shares ETF in the 3rd quarter valued at approximately $37,000. BNP Paribas bought a new position in shares of abrdn Physical Gold Shares ETF during the 2nd quarter worth approximately $39,000. Eastern Bank bought a new position in shares of abrdn Physical Gold Shares ETF during the 4th quarter worth approximately $47,000. Finally, Nvest Wealth Strategies Inc. acquired a new stake in shares of abrdn Physical Gold Shares ETF in the fourth quarter valued at approximately $51,000.

More abrdn Physical Gold Shares ETF News

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

• Negative Sentiment: Gold prices weakened after the Fed signaled it could still raise rates later this year, pushing yields and the dollar higher and pressuring precious metals. Hawkish Fed keeps pressure on gold as physical premiums soften – Kitco PM Report
• Negative Sentiment: Multiple market forecasts point to gold retesting support and potentially extending its downtrend as traders focus on a hawkish policy backdrop. Gold (XAU/USD) Price Forecast: Support Test Could Shape Next Major Move
• Negative Sentiment: Analysts said gold is facing selling pressure from higher yields, a stronger dollar, and a hawkish shift in expectations for Fed policy. Gold News: Fed’s Warsh Rewrites Gold Market Outlook With Hawkish Shift
• Negative Sentiment: Gold and other precious metals were described as under pressure as traders prepare for possible rate hikes, keeping sentiment weak across the sector. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Tests New Lows As Traders Focus On Hawkish Fed Policy Outlook
• Negative Sentiment: Gold fell despite geopolitical relief, as the market judged the Fed’s hawkish stance to be the dominant force. Gold Falls As Hawkish Fed Outweighs U.S.-Iran Deal Relief

abrdn Physical Gold Shares ETF Price Performance

Shares of SGOL stock opened at $40.16 on Friday. The company’s fifty day simple moving average is $43.32 and its 200-day simple moving average is $44.38. abrdn Physical Gold Shares ETF has a 12 month low of $31.05 and a 12 month high of $52.84.

abrdn Physical Gold Shares ETF Company 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.