Kestra Advisory Services LLC Buys 152,348 Shares of abrdn Physical Gold Shares ETF $SGOL

Kestra Advisory Services LLC increased its stake in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 28.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 692,666 shares of the company’s stock after buying an additional 152,348 shares during the quarter. Kestra Advisory Services LLC owned about 0.39% of abrdn Physical Gold Shares ETF worth $30,907,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Ameliora Wealth Management Ltd. raised its position in abrdn Physical Gold Shares ETF by 15.8% in the fourth quarter. Ameliora Wealth Management Ltd. now owns 588,218 shares of the company’s stock valued at $24,160,000 after purchasing an additional 80,074 shares during the last quarter. Capital Advisory Group Advisory Services LLC grew its holdings in shares of abrdn Physical Gold Shares ETF by 51.1% during the fourth quarter. Capital Advisory Group Advisory Services LLC now owns 142,555 shares of the company’s stock worth $5,856,000 after purchasing an additional 48,195 shares during the last quarter. Castle Wealth Management LLC bought a new stake in shares of abrdn Physical Gold Shares ETF during the fourth quarter worth about $863,000. Arta Finance Wealth Management LLC bought a new position in abrdn Physical Gold Shares ETF in the 4th quarter valued at approximately $1,363,000. Finally, Belpointe Asset Management LLC raised its holdings in abrdn Physical Gold Shares ETF by 43.7% in the 4th quarter. Belpointe Asset Management LLC now owns 47,058 shares of the company’s stock valued at $1,933,000 after buying an additional 14,319 shares during the last quarter.

abrdn Physical Gold Shares ETF Stock Down 0.3%

NYSEARCA:SGOL traded down $0.11 during mid-day trading on Friday, hitting $39.12. 1,477,962 shares of the company’s stock were exchanged, compared to its average volume of 5,134,437. abrdn Physical Gold Shares ETF has a fifty-two week low of $31.16 and a fifty-two week high of $52.84. The company has a 50 day simple moving average of $41.46 and a 200-day simple moving average of $44.20.

Key Stories Impacting abrdn Physical Gold Shares ETF

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

• Positive Sentiment: Central banks, including Poland’s, are reportedly buying the dip, reinforcing demand and suggesting institutional support for gold remains firm. Poland’s central bank is buying the dip as gold’s biggest buyers aren’t backing down
• Positive Sentiment: Gold has held key technical support and remains above important psychological levels, which could help SGOL stabilize if buyers step back in. Gold (XAU/USD) Price Forecast: Can Bulls Reclaim Critical Trend Resistance?
• Neutral Sentiment: Gold and silver remain focused on technical levels, with central bank net purchases helping offset recent volatility. Gold (XAUUSD) & Silver Price Forecast: Gold Breaks Symmetrical Triangle at $4,115 as Silver Holds $60.20 – Next Move?
• Neutral Sentiment: Gold’s near-term outlook remains tied to whether it can reclaim resistance after a correction, making the ETF sensitive to short-term trading flows. Gold (XAU/USD) Price Forecast: Bullish Reversal Tests Key Resistance Levels
• Negative Sentiment: Rising Treasury yields and a stronger dollar have been a recurring headwind, weighing on gold prices and pressuring SGOL. Gold Defends $4,000 Level as Strong Dollar Caps Gains
• Negative Sentiment: Recent forecasts warn that gold’s rally may be limited by headwinds, including softer price expectations from major banks. Gold’s Rally Likely Limited by Headwinds

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.