abrdn Physical Gold Shares ETF $SGOL Holdings Lifted by Royal Bank of Canada

Royal Bank of Canada increased its position in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 5.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 663,505 shares of the company’s stock after acquiring an additional 35,261 shares during the period. Royal Bank of Canada owned approximately 0.37% of abrdn Physical Gold Shares ETF worth $29,606,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SGOL. Independent Wealth Network Inc. boosted its position in shares of abrdn Physical Gold Shares ETF by 3.0% during the 1st quarter. Independent Wealth Network Inc. now owns 7,678 shares of the company’s stock valued at $343,000 after purchasing an additional 221 shares in the last quarter. Sachetta LLC raised its holdings in shares of abrdn Physical Gold Shares ETF by 8.2% in the 1st quarter. Sachetta LLC now owns 3,165 shares of the company’s stock worth $141,000 after purchasing an additional 240 shares in the last quarter. Xcel Wealth Management LLC lifted its stake in abrdn Physical Gold Shares ETF by 0.6% during the first quarter. Xcel Wealth Management LLC now owns 55,835 shares of the company’s stock valued at $2,491,000 after purchasing an additional 306 shares during the last quarter. Compound Planning Inc. lifted its stake in abrdn Physical Gold Shares ETF by 0.4% during the first quarter. Compound Planning Inc. now owns 85,404 shares of the company’s stock valued at $3,811,000 after purchasing an additional 360 shares during the last quarter. Finally, Barnes Wealth Management Group Inc boosted its holdings in abrdn Physical Gold Shares ETF by 4.1% during the third quarter. Barnes Wealth Management Group Inc now owns 9,876 shares of the company’s stock worth $364,000 after buying an additional 390 shares in the last quarter.

abrdn Physical Gold Shares ETF Stock Up 0.6%

NYSEARCA SGOL opened at $38.83 on Wednesday. abrdn Physical Gold Shares ETF has a 1 year low of $31.61 and a 1 year high of $52.84. The business’s fifty day moving average is $39.66 and its two-hundred day moving average is $43.74.

Key Stories Impacting abrdn Physical Gold Shares ETF

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

• Positive Sentiment: Gold moved higher as weaker-than-expected U.S. JOLTs job openings data increased expectations that the Federal Reserve could eventually adopt a less restrictive policy stance. Falling oil prices also eased inflation concerns, potentially supporting lower interest-rate expectations. Gold, Silver, Platinum Forecasts – Gold Moves Higher As Oil Prices Drop
• Positive Sentiment: Gold’s ability to hold above its 20-day moving average signals improving technical momentum. A break above resistance near $4,166 and $4,203 could reinforce bullish sentiment and provide additional support for SGOL. Gold Price Forecast: Can Gold Break Above $4,203?
• Positive Sentiment: The Bank of Korea has begun a long-term domestic gold-buying program, adding to central-bank demand that analysts view as an important factor supporting gold near the $4,000-per-ounce level. Bank of Korea Starts Long-Term Domestic Gold Buying Program
• Positive Sentiment: Dollar weakness, lower oil prices and safe-haven demand linked to Middle East tensions are supporting bullion ahead of Friday’s U.S. nonfarm payrolls report. Lower Oil and Dollar Weakness Lift Gold
• Neutral Sentiment: Gold remains range-bound, with investors weighing changing Middle East conditions against shifting expectations for U.S. monetary policy. Gold Rises; Focus on U.S. Labor Data
• Negative Sentiment: Resistance near key moving averages, elevated long-term Treasury yields and the possibility of a strong payrolls report could strengthen the dollar and revive expectations for higher rates, limiting gold’s upside. Gold Price Forecast: Safe-Haven Demand Grows Ahead of NFP

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.