Kestra Advisory Services LLC Buys 152,348 Shares of abrdn Physical Gold Shares ETF $SGOL

Kestra Advisory Services LLC raised its stake in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 28.2% in the 1st quarter, HoldingsChannel reports. The firm owned 692,666 shares of the company’s stock after acquiring an additional 152,348 shares during the quarter. Kestra Advisory Services LLC’s holdings in abrdn Physical Gold Shares ETF were worth $30,907,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SGOL. Smartleaf Asset Management LLC bought a new position in shares of abrdn Physical Gold Shares ETF during the 4th quarter worth about $27,000. Sound Income Strategies LLC increased its position in 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 buying an additional 411 shares in the last quarter. Eastern Bank bought a new position in abrdn Physical Gold Shares ETF in the fourth quarter worth approximately $47,000. Nvest Wealth Strategies Inc. bought a new position in abrdn Physical Gold Shares ETF in the fourth quarter worth approximately $51,000. Finally, BNP Paribas acquired a new stake in abrdn Physical Gold Shares ETF in the second quarter valued at approximately $39,000.

abrdn Physical Gold Shares ETF Trading Down 0.3%

Shares of NYSEARCA SGOL traded down $0.11 during midday trading on Friday, hitting $39.12. 1,477,962 shares of the stock traded hands, compared to its average volume of 5,134,437. abrdn Physical Gold Shares ETF has a one year low of $31.16 and a one year high of $52.84. The business has a 50 day moving average price of $41.46 and a two-hundred day moving average price of $44.20.

abrdn Physical Gold Shares ETF News Summary

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

• Positive Sentiment: Central banks, including Poland’s, are reportedly buying the dip, reinforcing demand and suggesting institutional support for gold remains firm. Poland’s central bank is buying the dip as gold’s biggest buyers aren’t backing down
• Positive Sentiment: Gold has held key technical support and remains above important psychological levels, which could help SGOL stabilize if buyers step back in. Gold (XAU/USD) Price Forecast: Can Bulls Reclaim Critical Trend Resistance?
• Neutral Sentiment: Gold and silver remain focused on technical levels, with central bank net purchases helping offset recent volatility. Gold (XAUUSD) & Silver Price Forecast: Gold Breaks Symmetrical Triangle at $4,115 as Silver Holds $60.20 – Next Move?
• Neutral Sentiment: Gold’s near-term outlook remains tied to whether it can reclaim resistance after a correction, making the ETF sensitive to short-term trading flows. Gold (XAU/USD) Price Forecast: Bullish Reversal Tests Key Resistance Levels
• Negative Sentiment: Rising Treasury yields and a stronger dollar have been a recurring headwind, weighing on gold prices and pressuring SGOL. Gold Defends $4,000 Level as Strong Dollar Caps Gains
• Negative Sentiment: Recent forecasts warn that gold’s rally may be limited by headwinds, including softer price expectations from major banks. Gold’s Rally Likely Limited by Headwinds

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.