abrdn Physical Gold Shares ETF $SGOL Shares Sold by Kastel Capital Advisors LLC

Kastel Capital Advisors LLC reduced its holdings in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 19.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 83,754 shares of the company’s stock after selling 19,593 shares during the period. abrdn Physical Gold Shares ETF comprises 1.9% of Kastel Capital Advisors LLC’s investment portfolio, making the stock its 15th largest holding. Kastel Capital Advisors LLC’s holdings in abrdn Physical Gold Shares ETF were worth $3,202,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in SGOL. Smartleaf Asset Management LLC acquired a new position in abrdn Physical Gold Shares ETF during the 4th quarter worth $27,000. Sound Income Strategies LLC raised its position in abrdn Physical Gold Shares ETF by 97.9% in the 1st quarter. Sound Income Strategies LLC now owns 831 shares of the company’s stock valued at $38,000 after purchasing an additional 411 shares in the last quarter. BNP Paribas purchased a new position in shares of abrdn Physical Gold Shares ETF in the 2nd quarter valued at about $39,000. Nvest Wealth Strategies Inc. purchased a new position in shares of abrdn Physical Gold Shares ETF in the 4th quarter valued at about $51,000. Finally, NBT Bank N A NY grew its position in shares of abrdn Physical Gold Shares ETF by 4,290.2% during the first quarter. NBT Bank N A NY now owns 1,800 shares of the company’s stock worth $80,000 after buying an additional 1,759 shares in the last quarter.

abrdn Physical Gold Shares ETF Price Performance

Shares of abrdn Physical Gold Shares ETF stock opened at $41.35 on Monday. The business has a 50-day simple moving average of $39.54 and a 200-day simple moving average of $43.68. abrdn Physical Gold Shares ETF has a one year low of $31.61 and a one year high of $52.84.

abrdn Physical Gold Shares ETF News Roundup

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

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.