abrdn Physical Gold Shares ETF $SGOL Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers lowered its holdings in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 4.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 556,675 shares of the company’s stock after selling 23,661 shares during the quarter. Cetera Investment Advisers owned approximately 0.31% of abrdn Physical Gold Shares ETF worth $24,839,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in shares of abrdn Physical Gold Shares ETF by 5.8% during the 4th quarter. JPMorgan Chase & Co. now owns 4,367,518 shares of the company’s stock worth $179,418,000 after buying an additional 238,704 shares during the period. Bank of America Corp DE grew its stake in abrdn Physical Gold Shares ETF by 2.6% in 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 period. Wells Fargo & Company MN increased its holdings in abrdn Physical Gold Shares ETF by 2.6% in the 4th quarter. Wells Fargo & Company MN now owns 3,026,827 shares of the company’s stock worth $124,342,000 after acquiring an additional 77,300 shares in the last quarter. Morgan Stanley increased its holdings in abrdn Physical Gold Shares ETF by 5.7% in the 4th quarter. Morgan Stanley now owns 2,319,730 shares of the company’s stock worth $95,295,000 after acquiring an additional 124,404 shares in the last quarter. Finally, LPL Financial LLC raised its position in abrdn Physical Gold Shares ETF by 17.1% during the fourth quarter. LPL Financial LLC now owns 2,059,659 shares of the company’s stock worth $84,611,000 after acquiring an additional 300,746 shares during the period.

More abrdn Physical Gold Shares ETF News

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 Price Performance

SGOL opened at $38.59 on Monday. abrdn Physical Gold Shares ETF has a 52-week low of $31.16 and a 52-week high of $52.84. The firm’s fifty day simple moving average is $40.28 and its two-hundred day simple moving average is $43.97.

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.