Worth Asset Management LLC Reduces Stock Holdings in abrdn Physical Gold Shares ETF $SGOL

Worth Asset Management LLC lowered its holdings in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 76.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,135 shares of the company’s stock after selling 78,025 shares during the quarter. Worth Asset Management LLC’s holdings in abrdn Physical Gold Shares ETF were worth $923,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Smartleaf Asset Management LLC acquired a new stake in abrdn Physical Gold Shares ETF during the 4th quarter worth about $27,000. Sound Income Strategies LLC lifted its holdings in shares of 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 buying an additional 411 shares during the period. BNP Paribas acquired a new position in shares of abrdn Physical Gold Shares ETF in the 2nd quarter valued at about $39,000. Nvest Wealth Strategies Inc. acquired 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 boosted its stake in shares of abrdn Physical Gold Shares ETF by 4,290.2% in 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 during the last quarter.

Key abrdn Physical Gold Shares ETF News

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 Stock Up 2.2%

abrdn Physical Gold Shares ETF stock opened at $41.35 on Friday. abrdn Physical Gold Shares ETF has a 52 week low of $31.61 and a 52 week high of $52.84. The business’s 50-day moving average price is $39.54 and its 200 day moving average price is $43.68.

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.