Cassaday & Co Wealth Management LLC Purchases New Stake in abrdn Physical Gold Shares ETF $SGOL

Cassaday & Co Wealth Management LLC acquired a new position in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,843 shares of the company’s stock, valued at approximately $487,000.

Other institutional investors have also added to or reduced their stakes in the company. Inspire Advisors LLC raised its holdings in abrdn Physical Gold Shares ETF by 23.3% in the 3rd quarter. Inspire Advisors LLC now owns 222,883 shares of the company’s stock worth $8,204,000 after purchasing an additional 42,124 shares in the last quarter. Capital Advisory Group Advisory Services LLC raised its holdings in abrdn Physical Gold Shares ETF by 51.1% in the 4th 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 in the last quarter. Arta Finance Wealth Management LLC bought a new position in abrdn Physical Gold Shares ETF in the 4th quarter worth $1,363,000. Castle Wealth Management LLC bought a new position in abrdn Physical Gold Shares ETF in the 4th quarter worth $863,000. Finally, Ameliora Wealth Management Ltd. raised its holdings in abrdn Physical Gold Shares ETF by 15.8% in the 4th quarter. Ameliora Wealth Management Ltd. now owns 588,218 shares of the company’s stock worth $24,160,000 after purchasing an additional 80,074 shares in the last quarter.

abrdn Physical Gold Shares ETF Stock Performance

Shares of NYSEARCA SGOL opened at $44.99 on Friday. abrdn Physical Gold Shares ETF has a 12 month low of $30.20 and a 12 month high of $52.84. The firm has a fifty day simple moving average of $45.76 and a two-hundred day simple moving average of $43.67.

Key Stories Impacting abrdn Physical Gold Shares ETF

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

• Positive Sentiment: Gold advanced as falling U.S. Treasury yields improved the appeal of non-yielding assets like bullion, helping support SGOL. Gold Prices Steady, Supported by Lower U.S. Treasury Yields
• Positive Sentiment: Fresh U.S. labor-market and consumer sentiment data showed signs of cooling, which lifted gold as investors looked for defensive exposure. Spot gold hits session high after preliminary Consumer Sentiment drops to 48.2, one-year inflation expectations dip to 4.5%
• Positive Sentiment: Gold gained after April payrolls came in below some expectations and weekly jobless claims rose, reinforcing bets that rates may stay lower for longer. Gold prices catch a solid bid after U.S. economy created 115k jobs in April
• Positive Sentiment: Reports that China and other central banks are continuing to buy gold on dips support the longer-term demand backdrop for bullion-backed funds like SGOL. China and other central banks continue to buy the dip in gold
• Positive Sentiment: Ongoing U.S.-Iran tensions and volatility in broader markets have kept safe-haven buying active in gold. Gold Rises on Signs of Ongoing U.S.-Iran Tensions
• Neutral Sentiment: Some reports noted gold rally pauses when oil rebounded and Treasury yields moved higher, suggesting SGOL may remain sensitive to macro data and interest-rate moves. Gold News: Gold Rally Fades as Oil Rebounds and Treasury Yields Turn Higher
• Neutral Sentiment: Analysts said gold-stock weakness could create M&A opportunities, which is more relevant to miners than to SGOL itself. Gold stock weakness may create M&A openings as producer cash flow rises – John Feneck

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.