Royal Bank of Canada Has $29.61 Million Holdings in abrdn Physical Gold Shares ETF $SGOL

Royal Bank of Canada raised its position in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 5.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 663,505 shares of the company’s stock after buying an additional 35,261 shares during the quarter. Royal Bank of Canada’s holdings in abrdn Physical Gold Shares ETF were worth $29,606,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC purchased a new position in shares of abrdn Physical Gold Shares ETF in the fourth quarter worth approximately $27,000. Sound Income Strategies LLC lifted its position in shares of 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 acquiring an additional 411 shares in the last quarter. BNP Paribas acquired a new position in abrdn Physical Gold Shares ETF in the 2nd quarter worth approximately $39,000. Nvest Wealth Strategies Inc. acquired a new position in abrdn Physical Gold Shares ETF in the 4th quarter worth approximately $51,000. Finally, NBT Bank N A NY grew its position in abrdn Physical Gold Shares ETF by 4,290.2% during the 1st quarter. NBT Bank N A NY now owns 1,800 shares of the company’s stock worth $80,000 after purchasing an additional 1,759 shares in the last quarter.

abrdn Physical Gold Shares ETF Price Performance

Shares of NYSEARCA:SGOL opened at $38.83 on Wednesday. The company’s fifty day moving average is $39.66 and its two-hundred day moving average is $43.74. abrdn Physical Gold Shares ETF has a 12-month low of $31.61 and a 12-month 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: 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 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.