Mirae Asset Global Investments Co. Ltd. Increases Stake in abrdn Physical Gold Shares ETF $SGOL

Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 11.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 586,550 shares of the company’s stock after acquiring an additional 62,000 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.33% of abrdn Physical Gold Shares ETF worth $21,591,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Crewe Advisors LLC purchased a new position in abrdn Physical Gold Shares ETF during the second quarter valued at $27,000. Ameritas Advisory Services LLC purchased a new position in shares of abrdn Physical Gold Shares ETF during the 2nd quarter valued at about $28,000. Sound Income Strategies LLC bought a new position in shares of abrdn Physical Gold Shares ETF during the 3rd quarter valued at approximately $34,000. Glass Jacobson Investment Advisors llc bought a new position in shares of abrdn Physical Gold Shares ETF during the 3rd quarter valued at approximately $37,000. Finally, BNP Paribas purchased a new stake in abrdn Physical Gold Shares ETF in the 2nd quarter worth approximately $39,000.

abrdn Physical Gold Shares ETF Stock Performance

NYSEARCA SGOL opened at $51.41 on Friday. abrdn Physical Gold Shares ETF has a 12 month low of $26.52 and a 12 month high of $52.84. The company’s 50 day moving average is $42.56 and its two-hundred day moving average is $37.85.

Key Headlines Impacting abrdn Physical Gold Shares ETF

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

• Positive Sentiment: Geopolitical risk from renewed Iran tensions is lifting safe-haven demand for bullion, supporting SGOL exposure to physical gold. Gold Rises Amid Ongoing Iran Tensions
• Positive Sentiment: Structural demand trends — central bank buying, weak dollar and shift from fixed income to gold among retail investors — are cited by the World Gold Council and bank analysts as drivers of sustained bullion inflows that benefit SGOL. Gold Demand to Remain Strong as Investors Reassess Risk, WGC Says
• Positive Sentiment: Major market notes and strategist research (e.g., J.P. Morgan coverage) frame gold’s rally as structural, increasing the likelihood of continued investment flows into gold ETFs like SGOL. Here’s How Gold Hits $8,000, According to J.P. Morgan
• Positive Sentiment: Institutional allocations to gold are rising — Tether’s plan to allocate up to 15% of its portfolio to physical gold adds another potential source of purchased bullion that supports SGOL’s underlying asset. Tether CEO aims to allocate up to 15% of its portfolio to gold
• Positive Sentiment: Gold ETFs are showing elite momentum scores as bullion approaches new price thresholds, which tends to attract trend-following ETF inflows benefiting SGOL. Gold ETFs Hit Elite Momentum Tier
• Neutral Sentiment: Federal Reserve commentary (Powell) downplaying gold’s rally creates mixed signals — it may limit expectations for aggressive easing but hasn’t stopped the rally so far. This is a watch item for investors in SGOL. Powell dismisses gold’s rally above $5,300, says Fed is not losing credibility
• Negative Sentiment: Technical signals and profit-taking: analysts flagged a bearish outside day and short-term consolidation risk after record highs, which could produce short-term outflows from gold ETFs and pressure SGOL. Gold (XAU/USD) Price Forecast: Volatility Signals Near-Term Pullback Risk
• Negative Sentiment: Some intraday reports show profit-taking after runs to record highs; short-term volatility could drive trading volume and temporary dips in SGOL’s NAV. Gold, silver back down from record highs on profit taking

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.