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

Norris Financial Group LLC acquired a new stake in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 306,385 shares of the company’s stock, valued at approximately $13,671,000. abrdn Physical Gold Shares ETF comprises approximately 4.5% of Norris Financial Group LLC’s investment portfolio, making the stock its 4th largest position.

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

abrdn Physical Gold Shares ETF Price Performance

Shares of NYSEARCA:SGOL opened at $39.14 on Friday. The stock’s 50-day simple moving average is $39.92 and its two-hundred day simple moving average is $43.85. abrdn Physical Gold Shares ETF has a 52-week low of $31.36 and a 52-week high of $52.84.

abrdn Physical Gold Shares ETF News Roundup

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 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.