abrdn Physical Gold Shares ETF $SGOL Shares Acquired by Waverly Advisors LLC

Waverly Advisors LLC boosted its stake in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 1.3% during the 2nd quarter, HoldingsChannel reports. The fund owned 966,282 shares of the company’s stock after buying an additional 12,554 shares during the period. Waverly Advisors LLC’s holdings in abrdn Physical Gold Shares ETF were worth $36,941,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC bought a new stake in shares of abrdn Physical Gold Shares ETF in the 4th quarter worth about $27,000. Sound Income Strategies LLC increased its holdings in abrdn Physical Gold Shares ETF by 97.9% in the first quarter. Sound Income Strategies LLC now owns 831 shares of the company’s stock valued at $38,000 after buying an additional 411 shares during the last quarter. BNP Paribas acquired a new stake in abrdn Physical Gold Shares ETF during the second quarter valued at approximately $39,000. NBT Bank N A NY lifted its holdings in abrdn Physical Gold Shares ETF by 4,290.2% during the 1st quarter. NBT Bank N A NY now owns 1,800 shares of the company’s stock worth $80,000 after buying an additional 1,759 shares during the last quarter. Finally, McIlrath & Eck LLC bought a new position in abrdn Physical Gold Shares ETF during the 1st quarter worth approximately $87,000.

abrdn Physical Gold Shares ETF Price Performance

Shares of NYSEARCA SGOL traded down $0.75 during trading on Tuesday, reaching $41.48. The stock had a trading volume of 3,125,239 shares, compared to its average volume of 4,433,008. abrdn Physical Gold Shares ETF has a one year low of $34.49 and a one year high of $52.84. The firm’s 50 day moving average price is $40.45 and its two-hundred day moving average price is $42.95.

Key abrdn Physical Gold Shares ETF News

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

• Positive Sentiment: Goldman Sachs metals executive Anthony Kim said the long-term bull trend remains intact and that investors may consider building long positions, with new record highs possible after the current pause. Goldman Sachs gold outlook
• Positive Sentiment: Société Générale reported a synchronized increase in physical, futures and options exposure, suggesting broad-based demand and continued bullish positioning across gold markets. Société Générale gold demand outlook
• Positive Sentiment: Dollar weakness and heightened Iran-related geopolitical risks are providing support for gold, potentially benefiting SGOL as investors seek safe-haven exposure. Gold and silver outlook amid Iran risks
• Neutral Sentiment: Gold is consolidating below resistance near $4,500-$4,511. A decisive breakout could trigger renewed momentum, while upcoming PPI and CPI reports may determine the next direction. Gold $4,511 breakout forecast
• Negative Sentiment: Stronger nonfarm payrolls and rising expectations of a Federal Reserve rate hike have pressured gold by supporting Treasury yields and the dollar. Additional inflation data could extend that pressure. Gold retreats on rate-hike worries

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.