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

Waverly Advisors LLC boosted its position in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 3,435.6% during the first quarter, Holdings Channel.com reports. The institutional investor owned 953,728 shares of the company’s stock after purchasing an additional 926,753 shares during the period. Waverly Advisors LLC’s holdings in abrdn Physical Gold Shares ETF were worth $42,555,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of SGOL. Smartleaf Asset Management LLC acquired a new stake in abrdn Physical Gold Shares ETF during the 4th quarter valued at approximately $27,000. Sound Income Strategies LLC boosted its holdings in shares of abrdn Physical Gold Shares ETF by 97.9% in the 1st quarter. Sound Income Strategies LLC now owns 831 shares of the company’s stock valued at $38,000 after acquiring an additional 411 shares during the last quarter. Eastern Bank acquired a new stake in shares of abrdn Physical Gold Shares ETF in the fourth quarter worth $47,000. Nvest Wealth Strategies Inc. acquired a new stake in shares of abrdn Physical Gold Shares ETF in the fourth quarter worth $51,000. Finally, BNP Paribas purchased a new position in shares of abrdn Physical Gold Shares ETF during the second quarter worth $39,000.

abrdn Physical Gold Shares ETF Stock Performance

NYSEARCA SGOL 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 company has a fifty day moving average of $40.28 and a 200 day moving average of $43.96.

More abrdn Physical Gold Shares ETF News

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

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.