abrdn Physical Gold Shares ETF
SGOL
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 1900 Market Street, Suite 200 Philadelphia PA United States of America 19103
- IPO Date
- Sep 9, 2009
- CIK
- 0001450923
- Website
- aberdeeninvestments.com
- Similar Companies
- Business
- abrdn Physical Gold Shares ETF (NYSE Arca: SGOL), part of the abrdn Gold ETF Trust, is a grantor trust that issues shares representing fractional undivided beneficial ownership interests in physical gold bullion held by the Trust, seeking to reflect the performance of the LBMA Gold Price PM, less the Trust's expenses. The Trust holds allocated physical gold bullion bars that meet London Good Delivery standards and were refined on or after January 1, 2012 in accordance with the LBMA Responsible Gold Guidance, ensuring responsible sourcing that addresses environmental, anti-money laundering, terrorist financing, and human rights considerations; the gold is stored in secure vaults in London, UK, inspected twice annually by Bureau Veritas Commodities UK Ltd, with daily bar lists published for transparency. Sponsored by abrdn ETFs Sponsor LLC, with The Bank of New York Mellon as trustee and ICBC Standard Bank Plc as custodian, the ETF trades on NYSE Arca with a total expense ratio of 0.17% and targets investors seeking physical gold exposure without direct ownership. Launched on September 9, 2009 and domiciled in the United States with principal offices in Philadelphia, Pennsylvania, the Trust operates in the commodities sector, focusing exclusively on gold bullion to provide diversification from traditional equities and bonds, evidenced by a low ten-year correlation of 0.051 with the S&P 500 Total Return Index. Shares are issued in baskets of 100,000 to authorized participants, enabling continuous creation and redemption, and the ETF serves retail and institutional investors globally through secondary market trading. In a significant operational change effective August 8, 2024, the Trust terminated its custodial agreements with JPMorgan Chase Bank, N.A., transferring all allocated and unallocated gold holdings to ICBC Standard Bank Plc without incurring costs to the Trust or shareholders, enhancing custody arrangements following prior expansions. The transition consolidates gold storage across vaults in London and Zurich, maintaining physical backing and liquidity amid strong inflows, as evidenced by recent institutional investments such as AE Wealth Management LLC's new position in Q2 2025. No major acquisitions, funding rounds, partnerships, or product launches have been reported in the last 1-2 years.