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

Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 11.8% during the 3rd quarter, according to its most recent disclosure 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.’s holdings in abrdn Physical Gold Shares ETF were worth $21,591,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of SGOL. Alpine Bank Wealth Management boosted its stake in abrdn Physical Gold Shares ETF by 100.0% during the third quarter. Alpine Bank Wealth Management now owns 28,000 shares of the company’s stock worth $1,031,000 after buying an additional 14,000 shares during the period. Alpha Cubed Investments LLC bought a new stake in shares of abrdn Physical Gold Shares ETF in the 2nd quarter worth about $266,000. Client First Investment Management LLC purchased a new position in shares of abrdn Physical Gold Shares ETF during the 3rd quarter worth about $461,000. Ameritas Advisory Services LLC bought a new position in abrdn Physical Gold Shares ETF during the 2nd quarter valued at about $28,000. Finally, Inspire Advisors LLC grew its holdings in abrdn Physical Gold Shares ETF by 23.3% during the 3rd quarter. Inspire Advisors LLC now owns 222,883 shares of the company’s stock valued at $8,204,000 after purchasing an additional 42,124 shares during the last quarter.

abrdn Physical Gold Shares ETF Price Performance

Shares of NYSEARCA SGOL opened at $51.41 on Friday. abrdn Physical Gold Shares ETF has a 1 year low of $26.52 and a 1 year high of $52.84. The firm has a 50-day simple moving average of $42.56 and a two-hundred day simple moving average of $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

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.