Sequoia Financial Advisors LLC Takes $1.13 Million Position in abrdn Physical Gold Shares ETF $SGOL

Sequoia Financial Advisors LLC purchased a new stake in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 27,385 shares of the company’s stock, valued at approximately $1,125,000.

Other large investors also recently made changes to their positions in the company. Glass Jacobson Investment Advisors llc acquired a new position in shares of abrdn Physical Gold Shares ETF in the 3rd quarter valued at $37,000. Anfield Capital Management LLC acquired a new position in shares of abrdn Physical Gold Shares ETF in the 3rd quarter valued at $37,000. Eastern Bank acquired a new position in shares of abrdn Physical Gold Shares ETF in the 4th quarter valued at $47,000. Nvest Wealth Strategies Inc. acquired a new position in shares of abrdn Physical Gold Shares ETF in the 4th quarter valued at $51,000. Finally, BNP Paribas acquired a new position in shares of abrdn Physical Gold Shares ETF in the 2nd quarter valued at $39,000.

Key abrdn Physical Gold Shares ETF News

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

• Negative Sentiment: Hot CPI readings strengthened the U.S. dollar and lifted yields, which typically hurts non-yielding assets like gold and has pressured SGOL. Gold News: Gold Price Retreats as Hot CPI Strengthens Dollar and Yields
• Negative Sentiment: Rising Treasury yields and renewed Fed hawkishness have prompted traders to trim gold exposure, adding short-term downside pressure to precious-metals funds. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Retreats As Traders Bet On Hawkish Fed
• Negative Sentiment: Gold has been testing technical resistance near the $4,700 area, suggesting some traders see limited near-term upside and potential for corrective pullbacks. Gold prices testing resistance at $4,700 as US CPI rises 3.8% in the last 12 months

abrdn Physical Gold Shares ETF Price Performance

SGOL stock opened at $44.91 on Wednesday. The business’s fifty day moving average is $45.49 and its 200-day moving average is $43.77. abrdn Physical Gold Shares ETF has a twelve month low of $30.20 and a twelve month high of $52.84.

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.