abrdn Physical Gold Shares ETF $SGOL Shares Sold by Guardian Point Capital LP

Guardian Point Capital LP trimmed its position in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 53.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 600,000 shares of the company’s stock after selling 700,000 shares during the quarter. abrdn Physical Gold Shares ETF makes up 11.0% of Guardian Point Capital LP’s portfolio, making the stock its 3rd biggest holding. Guardian Point Capital LP owned 0.33% of abrdn Physical Gold Shares ETF worth $26,772,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Ameliora Wealth Management Ltd. boosted its position in shares of abrdn Physical Gold Shares ETF by 15.8% in the 4th quarter. Ameliora Wealth Management Ltd. now owns 588,218 shares of the company’s stock worth $24,160,000 after buying an additional 80,074 shares in the last quarter. Capital Advisory Group Advisory Services LLC grew its stake in abrdn Physical Gold Shares ETF by 51.1% in the 4th quarter. Capital Advisory Group Advisory Services LLC now owns 142,555 shares of the company’s stock valued at $5,856,000 after acquiring an additional 48,195 shares during the last quarter. Castle Wealth Management LLC purchased a new position in abrdn Physical Gold Shares ETF during the 4th quarter valued at about $863,000. Arta Finance Wealth Management LLC purchased a new position in abrdn Physical Gold Shares ETF during the 4th quarter valued at about $1,363,000. Finally, Belpointe Asset Management LLC raised its position in abrdn Physical Gold Shares ETF by 43.7% during the fourth quarter. Belpointe Asset Management LLC now owns 47,058 shares of the company’s stock worth $1,933,000 after acquiring an additional 14,319 shares during the last quarter.

abrdn Physical Gold Shares ETF Stock Performance

Shares of SGOL opened at $38.59 on Friday. abrdn Physical Gold Shares ETF has a 12-month low of $31.16 and a 12-month high of $52.84. The company has a 50-day moving average of $40.28 and a two-hundred day moving average of $43.96.

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 and silver are moving higher as traders focus on falling Treasury yields, which can support non-yielding assets like gold. Gold, Silver, Platinum Forecasts – Gold Rebounds As Oil Prices Pull Back
• Positive Sentiment: China’s June gold imports hit a fresh two-year high, suggesting lower prices are boosting physical demand in the world’s largest bullion market. China’s June gold imports hit fresh two-year high of 173 tonnes as lower prices boost demand
• Positive Sentiment: Gold remains a strategic holding for some large investors, with BlackRock’s Koesterich saying investors should still keep a modest allocation to the metal. Investors should still hold a modest amount of gold – BlackRock’s Koesterich
• Positive Sentiment: Gold rebounded as peace-talk hopes cooled oil prices and Treasury yields, easing some of the pressure that had weighed on the metal. Gold (XAUUSD) Price Forecast: Gold Recovers as Peace Talk Report Cools Oil
• Neutral Sentiment: Gold is still consolidating around the $4,000 level, with technical support holding but resistance near the recent highs limiting upside momentum. Gold Price Analysis – Gold Defends $4,000 Support Floor as High Rates Cap Gains
• Neutral Sentiment: Analysts continue to say gold is trapped between support and resistance, suggesting SGOL may remain range-bound unless yields, the dollar, or central bank demand shift more decisively. Gold Price Analysis – Gold Trapped Between $4,000 Support and $4,200 Resistance
• Negative Sentiment: Gold has also faced headwinds from a stronger U.S. dollar, higher rate expectations, and solid labor data, all of which can reduce demand for bullion. Gold Declines On Stronger Dollar, Fed Rate Hike Prospects

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.