Eagle Bay Advisors LLC Buys New Position in abrdn Physical Gold Shares ETF $SGOL

Eagle Bay Advisors LLC acquired a new stake in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 16,751 shares of the company’s stock, valued at approximately $688,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Metis Global Partners LLC increased its stake in shares of abrdn Physical Gold Shares ETF by 26.7% during the 3rd quarter. Metis Global Partners LLC now owns 6,808,591 shares of the company’s stock valued at $250,624,000 after acquiring an additional 1,434,787 shares during the last quarter. Bank of America Corp DE increased its stake in shares of abrdn Physical Gold Shares ETF by 2.6% during 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 acquiring an additional 96,381 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of abrdn Physical Gold Shares ETF by 0.8% during the 3rd quarter. HighTower Advisors LLC now owns 1,865,275 shares of the company’s stock valued at $68,661,000 after acquiring an additional 15,245 shares during the last quarter. UBS Group AG increased its stake in shares of abrdn Physical Gold Shares ETF by 6.9% during the 3rd quarter. UBS Group AG now owns 1,692,510 shares of the company’s stock valued at $62,301,000 after acquiring an additional 109,398 shares during the last quarter. Finally, Pureheart Capital Pte Ltd. increased its stake in shares of abrdn Physical Gold Shares ETF by 5.1% during the 2nd quarter. Pureheart Capital Pte Ltd. now owns 1,217,000 shares of the company’s stock valued at $38,384,000 after acquiring an additional 59,000 shares during the last quarter.

Key Stories Impacting abrdn Physical Gold Shares ETF

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

• Positive Sentiment: Dollar weakness in early Asian trade lifted gold, supporting SGOL as a dollar‑priced asset. Gold Edges Higher Amid Dollar Weakness
• Positive Sentiment: Speculation that U.S.–Iran talks may resume helped gold rebound from session lows, reducing downside pressure on SGOL. Gold Rebounds From Session Lows As Traders Bet U.S. – Iran Talks Will Resume
• Neutral Sentiment: Analysts note technical resistance near $4,800 (XAU basis) and elevated volatility after a regional blockade shock — could mean choppy trading for SGOL without a clear trend. Gold Eyes $4,800 Resistance Amid Blockade Shock – Is a Breakout Imminent?
• Neutral Sentiment: Ongoing analysis flags that U.S. blockade/tension developments could trigger episodic volatility; longer‑term bullish structure may still hold if key supports remain intact. Will the U.S. Blockade Trigger New Volatility?
• Negative Sentiment: Dollar strength after a collapse in U.S.–Iran peace talks pushed gold lower, weighing on SGOL as safe‑haven flows reversed. Gold Falls as Dollar Strengthens After U.S.-Iran Peace Talks Collapse
• Negative Sentiment: Rising oil and hotter PPI readings lifted inflation fears and Fed rate‑hawk repricing, reducing expectations for near‑term rate cuts and pressuring gold/SGOL. Will $100+ Oil and Hot PPI Hit Bullish Sentiment?
• Negative Sentiment: Market commentary warns inflation worries and retreating Fed‑cut odds are creating price pressure and a potential pause in the gold bull run, a bearish signal for SGOL if sustained. Gold and silver send bearish signals that the bull market may be on hold for months to come – Heraeus
• Negative Sentiment: Commentary from Brookings and market reporters describes gold behaving like a high‑beta asset with its safe‑haven status “compromised,” which could damp longer‑term demand for SGOL. ‘Gold is a high-beta asset’ and its safe-haven status now ‘compromised’ – Brookings’ Brooks

abrdn Physical Gold Shares ETF Stock Down 0.4%

NYSEARCA SGOL opened at $45.17 on Tuesday. abrdn Physical Gold Shares ETF has a 12 month low of $30.20 and a 12 month high of $52.84. The company has a 50-day moving average of $46.70 and a 200-day moving average of $42.92.

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.