85,750 Shares in abrdn Physical Gold Shares ETF $SGOL Purchased by Eurizon Asset Management Hungary Ltd.

Eurizon Asset Management Hungary Ltd. acquired a new stake in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) in the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 85,750 shares of the company’s stock, valued at approximately $3,826,000. abrdn Physical Gold Shares ETF makes up about 4.1% of Eurizon Asset Management Hungary Ltd.’s holdings, making the stock its 3rd largest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Jain Global LLC bought a new position in abrdn Physical Gold Shares ETF during the 4th quarter worth approximately $26,465,000. E Fund Management Co. Ltd. grew its position in shares of abrdn Physical Gold Shares ETF by 530.3% in the 2nd quarter. E Fund Management Co. Ltd. now owns 753,291 shares of the company’s stock worth $23,759,000 after acquiring an additional 633,786 shares in the last quarter. LPL Financial LLC increased its holdings in shares of abrdn Physical Gold Shares ETF by 17.1% in the 4th quarter. LPL Financial LLC now owns 2,059,659 shares of the company’s stock valued at $84,611,000 after acquiring an additional 300,746 shares during the last quarter. Fulcrum Wealth Advisors LLC bought a new stake in shares of abrdn Physical Gold Shares ETF in the 4th quarter valued at approximately $11,600,000. Finally, MML Investors Services LLC raised its position in shares of abrdn Physical Gold Shares ETF by 149.5% during the 2nd quarter. MML Investors Services LLC now owns 443,846 shares of the company’s stock valued at $13,999,000 after acquiring an additional 265,946 shares in the last quarter.

Key abrdn Physical Gold Shares ETF News

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

• Positive Sentiment: Some analysts say gold’s pullback looks like a correction within a longer-term uptrend, with central bank buying still seen as a structural support for prices. Gold Rises; Central Bank Buying Likely to Remain Structural Driver
• Positive Sentiment: Fidelity International’s Ian Samson said his firm plans to move overweight gold again, arguing the longer-term drivers behind the gold rally remain intact. ‘We have a plan to go overweight gold again’ – Fidelity’s Samson predicts return to bull market in 2027
• Neutral Sentiment: Gold briefly rebounded toward the $4,000 level after softer inflation expectations and better consumer sentiment data, which can help support bullion in the near term. Spot gold hits session high near $4,000/oz after preliminary Consumer Sentiment rises to 54.4, one-year inflation expectations ease
• Neutral Sentiment: Teucrium launched a new physical gold ETF, adding fresh competition in the gold ETF market. Teucrium Launches TPMT, a New Physical Gold ETF With a 0.24% Fee
• Negative Sentiment: Gold has been under renewed pressure after breaking key technical support, with traders watching lower support levels for signs of stabilization. Gold (XAU/USD) Price Forecast: Bearish Pressure Builds Near Critical Support
• Negative Sentiment: Several reports say gold has struggled to hold the $4,000 level as stronger labor and manufacturing data, higher Treasury yields, and a firmer dollar have reduced safe-haven demand. Spot gold trades near session lows after U.S. weekly jobless claims drop to 208k
• Negative Sentiment: Gold ended the week weaker and near its lowest close of the year, suggesting near-term sentiment remains fragile. Gold Just Shed 3 Quarters of Gains, Expert Lists 3 Stocks You Should Watch

abrdn Physical Gold Shares ETF Price Performance

SGOL stock opened at $38.22 on Monday. The stock’s 50 day simple moving average is $40.85 and its 200 day simple moving average is $44.06. abrdn Physical Gold Shares ETF has a 12-month low of $31.16 and a 12-month high of $52.84.

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.