abrdn Physical Gold Shares ETF $SGOL Stock: Kestra Advisory Services LLC Boosts Holdings

Kestra Advisory Services LLC lifted its holdings in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 12.3% during the third quarter, HoldingsChannel.com reports. The firm owned 691,046 shares of the company’s stock after purchasing an additional 75,524 shares during the period. Kestra Advisory Services LLC’s holdings in abrdn Physical Gold Shares ETF were worth $27,338,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Waverly Advisors LLC grew its position in abrdn Physical Gold Shares ETF by 3,435.6% in the first quarter. Waverly Advisors LLC now owns 953,728 shares of the company’s stock valued at $42,555,000 after purchasing an additional 926,753 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in abrdn Physical Gold Shares ETF in the 3rd quarter valued at $28,624,000. NewEdge Advisors LLC lifted its position in abrdn Physical Gold Shares ETF by 129.9% during the 2nd quarter. NewEdge Advisors LLC now owns 695,666 shares of the company’s stock worth $26,595,000 after buying an additional 393,006 shares in the last quarter. Norris Financial Group LLC bought a new stake in abrdn Physical Gold Shares ETF during the 1st quarter worth about $13,671,000. Finally, Kellett Wealth Advisors LLC acquired a new position in shares of abrdn Physical Gold Shares ETF during the 3rd quarter worth about $5,694,000.

Key abrdn Physical Gold Shares ETF News

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

• Positive Sentiment: Gold’s rebound has produced bullish breakout signals, raising the possibility that its recent correction is ending. Lower Treasury yields and a weaker dollar earlier in the week helped support demand. Gold (XAU/USD) Price Forecast: Breakout Signals Potential End to Correction
• Positive Sentiment: The World Bank expects gold to remain above $4,000 through 2028, a longer-term supportive signal for an ETF holding physical gold, though it cautions that investors may not see 2026’s exceptional gains repeated. World Bank sees gold holding above $4,000 through 2028
• Neutral Sentiment: Gold rallied amid a volatile week and post-election developments, but analysts are divided on whether the recovery can continue. The rally’s durability may determine whether SGOL can regain ground. Wall Street split on gold following midterm election
• Negative Sentiment: Stronger-than-expected U.S. payrolls lifted the dollar and weighed on gold, as robust employment can reduce expectations for interest-rate cuts. Friday’s pullback also tests whether former resistance levels can now act as support. Gold retreats as dollar rallies after NFP report

abrdn Physical Gold Shares ETF Stock Performance

Shares of NYSEARCA SGOL opened at $38.70 on Friday. The business has a 50-day moving average of $39.97 and a 200-day moving average of $42.70. abrdn Physical Gold Shares ETF has a fifty-two week low of $36.83 and a fifty-two week 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.