Kastel Capital Advisors LLC Decreases Position in abrdn Physical Gold Shares ETF $SGOL

Kastel Capital Advisors LLC trimmed its holdings in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 19.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 83,754 shares of the company’s stock after selling 19,593 shares during the quarter. abrdn Physical Gold Shares ETF comprises approximately 1.9% of Kastel Capital Advisors LLC’s portfolio, making the stock its 15th biggest position. Kastel Capital Advisors LLC’s holdings in abrdn Physical Gold Shares ETF were worth $3,202,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its position in shares of abrdn Physical Gold Shares ETF by 5.8% during the 4th quarter. JPMorgan Chase & Co. now owns 4,367,518 shares of the company’s stock worth $179,418,000 after buying an additional 238,704 shares during the last quarter. Bank of America Corp DE grew its position in shares of abrdn Physical Gold Shares ETF by 2.6% in the 3rd quarter. Bank of America Corp DE now owns 3,743,548 shares of the company’s stock valued at $137,800,000 after buying an additional 96,381 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of abrdn Physical Gold Shares ETF by 2.6% in the 4th quarter. Wells Fargo & Company MN now owns 3,026,827 shares of the company’s stock valued at $124,342,000 after buying an additional 77,300 shares during the last quarter. Morgan Stanley grew its position in shares of abrdn Physical Gold Shares ETF by 5.7% in the 4th quarter. Morgan Stanley now owns 2,319,730 shares of the company’s stock valued at $95,295,000 after buying an additional 124,404 shares during the last quarter. Finally, LPL Financial LLC raised its stake in abrdn Physical Gold Shares ETF by 17.1% during the 4th quarter. LPL Financial LLC now owns 2,059,659 shares of the company’s stock worth $84,611,000 after acquiring an additional 300,746 shares in the last quarter.

abrdn Physical Gold Shares ETF Price Performance

Shares of SGOL opened at $41.35 on Monday. abrdn Physical Gold Shares ETF has a 1-year low of $31.61 and a 1-year high of $52.84. The firm has a fifty day moving average price of $39.54 and a 200 day moving average price of $43.68.

Key Stories Impacting abrdn Physical Gold Shares ETF

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

• Positive Sentiment: Gold’s bullish reversal is extending toward major technical resistance, with improving momentum potentially opening a path toward higher targets near $4,382–$4,392 and beyond. Gold Price Forecast: Breakout Builds Toward Key Resistance
• Positive Sentiment: Precious metals are benefiting from falling Treasury yields and a weaker dollar as traders increase bets on a dovish Federal Reserve. Softer labor-market data could further support expectations for lower interest rates, which generally benefits non-yielding gold. Gold Rallies on Dovish Fed Bets
• Positive Sentiment: The People’s Bank of China reportedly extended its gold-buying streak to 21 consecutive months, including its largest monthly purchase since 2023. Continued central-bank demand provides a fundamental cushion for bullion and SGOL. PBOC Boosts Gold Buying
• Positive Sentiment: Some analysts see additional upside, with BNP Paribas Wealth Management projecting gold could reach $5,000 as pressure on the Fed weighs on the dollar. BNP Paribas Gold Forecast
• Neutral Sentiment: U.S. nonfarm-payrolls data is the immediate catalyst. A weak report could reinforce rate-cut expectations, while stronger employment data could lift yields and pressure gold. Gold Holds Above $4,250 Ahead of Payrolls
• Negative Sentiment: Risks remain from profit-taking, firmer oil prices, higher yields and a stronger dollar. A research paper also challenges gold’s effectiveness as a consistent inflation hedge, which could temper demand from some investors. Investors Take Profits in Gold

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.