Foresight Capital Management Advisors Inc. reduced its holdings in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 18.6% during the undefined quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,027 shares of the company's stock after selling 11,889 shares during the quarter. Foresight
Gold returned 49% over the past year, and the investors who captured that move did it without touching a futures contract or a mining stock.
Gold above $5,500 makes expense ratios matter more than ever. When the underlying asset has already delivered 47% gains over the past year, even a fraction of a percent in annual fees compounds into real drag.
For investors seeking momentum, abrdn Physical Gold Shares ETF SGOL is probably on the radar. The fund just hit a 52-week high and has moved up 38.6% from its 52-week low of $20.55 per share.