Kensington Asset Management LLC Has $11.50 Million Holdings in abrdn Physical Gold Shares ETF $SGOL

Kensington Asset Management LLC lifted its position in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 62.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 278,002 shares of the company’s stock after purchasing an additional 107,318 shares during the quarter. abrdn Physical Gold Shares ETF accounts for approximately 0.6% of Kensington Asset Management LLC’s investment portfolio, making the stock its 21st largest holding. Kensington Asset Management LLC’s holdings in abrdn Physical Gold Shares ETF were worth $11,501,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of SGOL. Smartleaf Asset Management LLC acquired a new stake in abrdn Physical Gold Shares ETF during the fourth quarter worth $27,000. Anfield Capital Management LLC acquired a new stake in abrdn Physical Gold Shares ETF during the third quarter worth $37,000. BNP Paribas acquired a new stake in abrdn Physical Gold Shares ETF during the second quarter worth $39,000. Eastern Bank acquired a new stake in abrdn Physical Gold Shares ETF during the fourth quarter worth $47,000. Finally, Nvest Wealth Strategies Inc. acquired a new stake in abrdn Physical Gold Shares ETF during the fourth quarter worth $51,000.

abrdn Physical Gold Shares ETF Trading Up 0.1%

SGOL opened at $40.10 on Friday. abrdn Physical Gold Shares ETF has a fifty-two week low of $31.05 and a fifty-two week high of $52.84. The firm’s fifty day moving average price is $43.72 and its two-hundred day moving average price is $44.34.

abrdn Physical Gold Shares ETF News Roundup

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

• Positive Sentiment: Gold is showing signs of a rebound after testing major support, with buyers defending the $4,000 area and some traders seeing a potential bottom. Gold (XAU/USD) Price Forecast: Failed Breakdown Hints at Rebound
• Positive Sentiment: Geopolitical uncertainty continues to support demand for gold, with multiple reports pointing to renewed safe-haven buying as tensions in the Middle East remain in focus. Gold Price Analysis – Gold Jumps at Open on Friday
• Positive Sentiment: Spot gold has held near the $4,200/oz area despite stronger U.S. consumer sentiment, suggesting buyers are still stepping in on dips. Spot gold hovers near $4,200/oz after preliminary Consumer Sentiment rises to 48.9, one-year inflation expectations dip to 4.6%
• Neutral Sentiment: CME plans to offer 24/7 gold trading, which could improve market access and liquidity over time, but it is more of a structural industry development than an immediate price catalyst. CME to offer 24/7 gold and oil trading
• Neutral Sentiment: Gold remains in a tug-of-war between safe-haven buying and pressure from higher Treasury yields, stronger inflation readings, and expectations that the Fed may keep rates elevated for longer. Gold (XAUUSD) Price Forecast: Death Cross Threatens Gold Price as Fed Hike Bets Rise
• Negative Sentiment: Some analysts warn gold’s recent weakness could continue if a bearish technical pattern develops and the market fails to hold support. Gold (XAU/USD) Price Forecast: Undercut Setup Signals Potential Bottom

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.