abrdn Physical Gold Shares ETF $SGOL Shares Sold by Channing Global Advisors LLC

Channing Global Advisors LLC cut its stake in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 86.3% in the 1st quarter, HoldingsChannel.com reports. The fund owned 6,475 shares of the company’s stock after selling 40,745 shares during the quarter. Channing Global Advisors LLC’s holdings in abrdn Physical Gold Shares ETF were worth $289,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Walleye Capital LLC purchased a new stake in shares of abrdn Physical Gold Shares ETF during the second quarter valued at $224,000. Cerity Partners LLC increased its stake in abrdn Physical Gold Shares ETF by 42.3% in the 2nd quarter. Cerity Partners LLC now owns 45,134 shares of the company’s stock worth $1,428,000 after purchasing an additional 13,424 shares in the last quarter. NewEdge Advisors LLC raised its holdings in abrdn Physical Gold Shares ETF by 1.3% during the 2nd quarter. NewEdge Advisors LLC now owns 303,309 shares of the company’s stock worth $9,566,000 after buying an additional 3,891 shares during the period. BNP Paribas acquired a new stake in abrdn Physical Gold Shares ETF during the 2nd quarter worth about $39,000. Finally, Darwin Wealth Management LLC acquired a new stake in abrdn Physical Gold Shares ETF during the 2nd quarter worth about $259,000.

abrdn Physical Gold Shares ETF Stock Up 1.0%

SGOL stock opened at $39.23 on Friday. abrdn Physical Gold Shares ETF has a one year low of $31.16 and a one year high of $52.84. The firm has a 50-day moving average of $41.54 and a two-hundred day moving average of $44.24.

Key Headlines Impacting abrdn Physical Gold Shares ETF

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

• Positive Sentiment: Spot gold moved back above $4,100/oz after stronger-than-expected labor market data, while geopolitical uncertainty continued to support safe-haven buying for gold-backed funds like SGOL. Spot gold trades above $4,100/oz as U.S. weekly jobless claims hold at 215k
• Positive Sentiment: Gold and silver technicals improved after gold broke above a key pattern near $4,075, suggesting momentum may be turning more favorable if resistance levels are reclaimed. Gold (XAUUSD) & Silver Price Forecast: Gold Breaks Symmetrical Triangle at $4,075 as Silver Holds $58.27 – Next Move?
• Neutral Sentiment: Gold remains range-bound in the near term as traders watch Federal Reserve policy signals, Treasury yields, and upcoming inflation data for direction. Gold (XAUUSD) Price Forecast: Can Gold Hold Support Ahead of U.S. Inflation Data?
• Negative Sentiment: Some traders remain cautious because hawkish Fed expectations, higher Treasury yields, and technical warnings such as a potential “death cross” could pressure gold prices and weigh on SGOL. Gold Price Analysis – Gold Consolidates as Looming Death Cross Signals Risk

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.