Eurizon Asset Management Hungary Ltd. Buys New Position in abrdn Physical Gold Shares ETF $SGOL

Eurizon Asset Management Hungary Ltd. purchased a new position in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 85,750 shares of the company’s stock, valued at approximately $3,826,000. abrdn Physical Gold Shares ETF makes up approximately 4.1% of Eurizon Asset Management Hungary Ltd.’s portfolio, making the stock its 3rd largest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Walleye Capital LLC purchased a new stake in shares of abrdn Physical Gold Shares ETF during the second quarter valued at approximately $224,000. Cerity Partners LLC lifted its position in shares of abrdn Physical Gold Shares ETF by 42.3% during the second quarter. Cerity Partners LLC now owns 45,134 shares of the company’s stock worth $1,428,000 after purchasing an additional 13,424 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of abrdn Physical Gold Shares ETF by 1.3% in the second quarter. NewEdge Advisors LLC now owns 303,309 shares of the company’s stock valued at $9,566,000 after purchasing an additional 3,891 shares during the period. BNP Paribas purchased a new position in shares of abrdn Physical Gold Shares ETF in the second quarter valued at $39,000. Finally, Darwin Wealth Management LLC purchased a new position in shares of abrdn Physical Gold Shares ETF in the second quarter valued at $259,000.

Trending Headlines about abrdn Physical Gold Shares ETF

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 opened at $38.22 on Monday. The company has a fifty day simple moving average of $40.85 and a 200 day simple moving average of $44.06. abrdn Physical Gold Shares ETF has a twelve month low of $31.16 and a twelve month high of $52.84.

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.