Northwestern Mutual Wealth Management Co. Increases Position in abrdn Physical Gold Shares ETF $SGOL

Northwestern Mutual Wealth Management Co. lifted its position in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 60.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 128,572 shares of the company’s stock after buying an additional 48,408 shares during the period. Northwestern Mutual Wealth Management Co. owned 0.07% of abrdn Physical Gold Shares ETF worth $5,282,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Metis Global Partners LLC lifted its stake in shares of abrdn Physical Gold Shares ETF by 26.7% during the third quarter. Metis Global Partners LLC now owns 6,808,591 shares of the company’s stock valued at $250,624,000 after buying an additional 1,434,787 shares during the period. Bank of America Corp DE lifted its stake in shares of abrdn Physical Gold Shares ETF by 2.6% during the third quarter. Bank of America Corp DE now owns 3,743,548 shares of the company’s stock valued at $137,800,000 after buying an additional 96,381 shares during the period. HighTower Advisors LLC lifted its stake in shares of abrdn Physical Gold Shares ETF by 0.8% during the third quarter. HighTower Advisors LLC now owns 1,865,275 shares of the company’s stock valued at $68,661,000 after buying an additional 15,245 shares during the period. UBS Group AG lifted its stake in shares of abrdn Physical Gold Shares ETF by 2.6% during the fourth quarter. UBS Group AG now owns 1,736,674 shares of the company’s stock valued at $71,343,000 after buying an additional 44,164 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in shares of abrdn Physical Gold Shares ETF by 6.1% during the third quarter. Envestnet Asset Management Inc. now owns 1,049,641 shares of the company’s stock valued at $38,637,000 after buying an additional 60,661 shares during the period.

abrdn Physical Gold Shares ETF Price Performance

Shares of SGOL opened at $42.30 on Thursday. The company’s 50 day simple moving average is $44.08 and its 200 day simple moving average is $44.29. abrdn Physical Gold Shares ETF has a 1 year low of $31.05 and a 1 year high of $52.84.

Key Headlines Impacting abrdn Physical Gold Shares ETF

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

• Positive Sentiment: Central banks returned to net buying in April, purchasing 17 tonnes of gold, which supports longer-term demand for bullion. Central banks buy net 17 tonnes of gold in April, led by Poland and China – WGC
• Positive Sentiment: Some technical commentary says gold futures have likely improved after repeatedly finding support near $4,400, with momentum indicators starting to turn higher. Gold Futures’ Technical Backdrop Likely Improved, Charts Show
• Neutral Sentiment: Gold also benefited at times from a weaker dollar and falling rates, but traders remain cautious ahead of upcoming U.S. jobs data and other macro catalysts. Gold Rises Amid Mild Dollar Weakness
• Neutral Sentiment: Market views are mixed, with gold consolidating in a tight range and a breakout likely only after a clear move above resistance or below support. Gold (XAU/USD) Price Forecast: Bearish Structure Tests Key Support Zones
• Negative Sentiment: Multiple reports say gold is under pressure from expectations that the Federal Reserve may need to raise rates, which tends to weigh on non-yielding assets like bullion. TD Securities cuts H2 2026 gold price forecasts as markets price in Fed rate hike
• Negative Sentiment: Gold has also been described as breaking below key support near $4,500 amid bearish momentum, with traders citing strong dollar, higher yields, and hawkish central-bank expectations. Gold (XAUUSD) & Silver Price Forecast: Truce Stability vs Channel Breakdown — Gold Falls to $4,472, Silver at $74.80?

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.