Waverly Advisors LLC Raises Stock Position in abrdn Physical Gold Shares ETF $SGOL

Waverly Advisors LLC lifted its position in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 3,435.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 953,728 shares of the company’s stock after purchasing an additional 926,753 shares during the period. Waverly Advisors LLC owned 0.53% of abrdn Physical Gold Shares ETF worth $42,555,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Walleye Capital LLC purchased a new stake in abrdn Physical Gold Shares ETF during the second quarter worth $224,000. Cerity Partners LLC lifted its holdings in shares of abrdn Physical Gold Shares ETF by 42.3% during the 2nd quarter. Cerity Partners LLC now owns 45,134 shares of the company’s stock valued at $1,428,000 after purchasing an additional 13,424 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of abrdn Physical Gold Shares ETF by 1.3% during the 2nd quarter. NewEdge Advisors LLC now owns 303,309 shares of the company’s stock valued at $9,566,000 after purchasing an additional 3,891 shares during the last quarter. BNP Paribas acquired a new stake in shares of abrdn Physical Gold Shares ETF in the 2nd quarter worth $39,000. Finally, Darwin Wealth Management LLC acquired a new stake in shares of abrdn Physical Gold Shares ETF in the 2nd quarter worth $259,000.

abrdn Physical Gold Shares ETF Stock Performance

Shares of SGOL stock opened at $38.59 on Friday. abrdn Physical Gold Shares ETF has a 1-year low of $31.16 and a 1-year high of $52.84. The stock’s fifty day moving average price is $40.28 and its 200 day moving average price is $43.96.

abrdn Physical Gold Shares ETF News Summary

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

• Positive Sentiment: Gold and silver are moving higher as traders focus on falling Treasury yields, which can support non-yielding assets like gold. Gold, Silver, Platinum Forecasts – Gold Rebounds As Oil Prices Pull Back
• Positive Sentiment: China’s June gold imports hit a fresh two-year high, suggesting lower prices are boosting physical demand in the world’s largest bullion market. China’s June gold imports hit fresh two-year high of 173 tonnes as lower prices boost demand
• Positive Sentiment: Gold remains a strategic holding for some large investors, with BlackRock’s Koesterich saying investors should still keep a modest allocation to the metal. Investors should still hold a modest amount of gold – BlackRock’s Koesterich
• Positive Sentiment: Gold rebounded as peace-talk hopes cooled oil prices and Treasury yields, easing some of the pressure that had weighed on the metal. Gold (XAUUSD) Price Forecast: Gold Recovers as Peace Talk Report Cools Oil
• Neutral Sentiment: Gold is still consolidating around the $4,000 level, with technical support holding but resistance near the recent highs limiting upside momentum. Gold Price Analysis – Gold Defends $4,000 Support Floor as High Rates Cap Gains
• Neutral Sentiment: Analysts continue to say gold is trapped between support and resistance, suggesting SGOL may remain range-bound unless yields, the dollar, or central bank demand shift more decisively. Gold Price Analysis – Gold Trapped Between $4,000 Support and $4,200 Resistance
• Negative Sentiment: Gold has also faced headwinds from a stronger U.S. dollar, higher rate expectations, and solid labor data, all of which can reduce demand for bullion. Gold Declines On Stronger Dollar, Fed Rate Hike Prospects

abrdn Physical Gold Shares ETF Company 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.