Norris Financial Group LLC Invests $13.67 Million in abrdn Physical Gold Shares ETF $SGOL

Norris Financial Group LLC bought a new stake in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 306,385 shares of the company’s stock, valued at approximately $13,671,000. abrdn Physical Gold Shares ETF accounts for 4.5% of Norris Financial Group LLC’s investment portfolio, making the stock its 4th biggest holding. Norris Financial Group LLC owned approximately 0.17% of abrdn Physical Gold Shares ETF as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SGOL. Smartleaf Asset Management LLC purchased a new stake in shares of abrdn Physical Gold Shares ETF in the 4th quarter worth about $27,000. Sound Income Strategies LLC boosted its stake in abrdn Physical Gold Shares ETF by 97.9% during the first quarter. Sound Income Strategies LLC now owns 831 shares of the company’s stock worth $38,000 after acquiring an additional 411 shares in the last quarter. BNP Paribas purchased a new stake in abrdn Physical Gold Shares ETF in the second quarter worth about $39,000. Nvest Wealth Strategies Inc. bought a new position in shares of abrdn Physical Gold Shares ETF during the fourth quarter valued at approximately $51,000. Finally, NBT Bank N A NY lifted its holdings in shares of abrdn Physical Gold Shares ETF by 4,290.2% during the first quarter. NBT Bank N A NY now owns 1,800 shares of the company’s stock valued at $80,000 after purchasing an additional 1,759 shares during the last quarter.

Key Stories Impacting abrdn Physical Gold Shares ETF

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

• Positive Sentiment: The Fed’s decision to hold rates steady provided relief for precious metals, while a “hawkish hold” reduced some immediate policy uncertainty. Analysts said gold and silver may stabilize as markets await clearer guidance in September. Fed’s hawkish hold stabilizes gold and silver
• Positive Sentiment: Gold initially moved higher after the Federal Open Market Committee maintained interest rates. A weaker-than-expected 1.5% second-quarter GDP reading also supports the investment case for gold by raising concerns about economic momentum. Gold gaps higher as FOMC holds interest rate Spot gold trades as U.S. GDP rises
• Positive Sentiment: Physical and digital precious-metals demand is showing signs of recovery, including stronger digital silver sales reported by the Royal Mint. Renewed retail buying could help underpin bullion prices and SGOL. Retail investors buy the dip
• Neutral Sentiment: Gold remains above key support near $4,000 per ounce, but analysts describe the market as range-bound. A sustained move above roughly $4,203 would be needed to confirm a broader bullish reversal, limiting the near-term upside outlook. Gold price forecast and resistance
• Negative Sentiment: Core inflation remains firm, Treasury yields and a still-hawkish policy backdrop could continue to weigh on non-yielding gold. Consumers selling unwanted jewelry at elevated prices also create additional supply pressure, although panic selling has eased. Investors cashing in unwanted gold jewelry

abrdn Physical Gold Shares ETF Stock Up 1.6%

SGOL stock opened at $39.14 on Friday. The business has a 50 day moving average of $39.92 and a 200 day moving average of $43.85. abrdn Physical Gold Shares ETF has a twelve month low of $31.36 and a twelve month high of $52.84.

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.