Waverly Advisors LLC Grows Stake in abrdn Physical Gold Shares ETF $SGOL

Waverly Advisors LLC grew its stake in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 1.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 966,282 shares of the company’s stock after purchasing an additional 12,554 shares during the quarter. Waverly Advisors LLC owned 0.54% of abrdn Physical Gold Shares ETF worth $36,941,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of SGOL. Smartleaf Asset Management LLC acquired a new position in abrdn Physical Gold Shares ETF during the 4th quarter worth approximately $27,000. Sound Income Strategies LLC grew its position in 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 valued at $38,000 after acquiring an additional 411 shares in the last quarter. BNP Paribas purchased a new stake in shares of abrdn Physical Gold Shares ETF during the second quarter valued at approximately $39,000. NBT Bank N A NY raised its stake 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 period. Finally, WFA of San Diego LLC acquired a new position in shares of abrdn Physical Gold Shares ETF during the second quarter worth $82,000.

abrdn Physical Gold Shares ETF Price Performance

Shares of SGOL stock traded down $0.75 on Tuesday, hitting $41.48. The stock had a trading volume of 3,125,239 shares, compared to its average volume of 4,433,008. The stock’s 50 day moving average is $40.45 and its 200-day moving average is $42.95. abrdn Physical Gold Shares ETF has a 52-week low of $34.49 and a 52-week high of $52.84.

Key abrdn Physical Gold Shares ETF News

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

• Positive Sentiment: Goldman Sachs metals executive Anthony Kim said the long-term bull trend remains intact and that investors may consider building long positions, with new record highs possible after the current pause. Goldman Sachs gold outlook
• Positive Sentiment: Société Générale reported a synchronized increase in physical, futures and options exposure, suggesting broad-based demand and continued bullish positioning across gold markets. Société Générale gold demand outlook
• Positive Sentiment: Dollar weakness and heightened Iran-related geopolitical risks are providing support for gold, potentially benefiting SGOL as investors seek safe-haven exposure. Gold and silver outlook amid Iran risks
• Neutral Sentiment: Gold is consolidating below resistance near $4,500-$4,511. A decisive breakout could trigger renewed momentum, while upcoming PPI and CPI reports may determine the next direction. Gold $4,511 breakout forecast
• Negative Sentiment: Stronger nonfarm payrolls and rising expectations of a Federal Reserve rate hike have pressured gold by supporting Treasury yields and the dollar. Additional inflation data could extend that pressure. Gold retreats on rate-hike worries

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.