Envestnet Asset Management Inc. Buys 60,661 Shares of abrdn Physical Gold Shares ETF $SGOL

Envestnet Asset Management Inc. boosted its stake in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 6.1% during the third quarter, Holdings Channel.com reports. The fund owned 1,049,641 shares of the company’s stock after acquiring an additional 60,661 shares during the period. Envestnet Asset Management Inc.’s holdings in abrdn Physical Gold Shares ETF were worth $38,637,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SGOL. Crewe Advisors LLC bought a new position in shares of abrdn Physical Gold Shares ETF in the second quarter worth $27,000. Sound Income Strategies LLC acquired a new stake in abrdn Physical Gold Shares ETF during the third quarter worth about $34,000. Ameritas Advisory Services LLC bought a new position in abrdn Physical Gold Shares ETF in the 2nd quarter valued at about $28,000. Glass Jacobson Investment Advisors llc acquired a new position in shares of abrdn Physical Gold Shares ETF in the 3rd quarter valued at approximately $37,000. Finally, BNP Paribas acquired a new position in shares of abrdn Physical Gold Shares ETF in the 2nd quarter valued at approximately $39,000.

abrdn Physical Gold Shares ETF Stock Down 1.0%

Shares of abrdn Physical Gold Shares ETF stock opened at $47.93 on Wednesday. The company has a 50 day moving average of $43.69 and a 200-day moving average of $38.76. abrdn Physical Gold Shares ETF has a 1-year low of $27.02 and a 1-year high of $52.84.

Key Headlines Impacting abrdn Physical Gold Shares ETF

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

• Positive Sentiment: Fed rate‑cut prospects are lifting bullion’s appeal, which supports SGOL as a physical-gold play. Gold Rises Amid Fed Rate-Cut Prospects
• Positive Sentiment: Major-bank forecasts and sovereign buying expectations (e.g., UBS projecting materially higher year‑end gold) are bullish for bullion-backed ETFs. Gold will hit $5,900/oz by year end on Fed easing, sovereign buying – UBS
• Positive Sentiment: Safe-haven flows tied to dollar weakness and macro uncertainty continue to underpin gold momentum — a tailwind for SGOL if flows persist. Gold (XAUUSD) Price Forecast: Rally Gains Steam as Dollar Weakens, NFP Looms
• Neutral Sentiment: Analysts note gold’s role as a portfolio diversifier despite volatility — reminds investors SGOL is a long‑term hedge rather than a short‑term trading vehicle. Gold can be volatile, but it’s still an important portfolio diversifier, says MarketVector’s Yang
• Neutral Sentiment: Market structure notes — tokenized-gold and changing demand patterns may reshape flows over time; implications for physical ETF liquidity are evolving. Tokenized gold is having a major impact on the broader bullion market – SocGen
• Neutral Sentiment: Commentary advising tactical reassessments after large drawdowns highlights that recent volatility may be episodic rather than a regime change for gold investors. Gold’s most extreme drawdowns signal tactical reassessments, not durable regime shifts – WisdomTree’s Gannatti
• Negative Sentiment: Profit-taking and technical corrections have pressured prices at times this week, a near-term headwind for SGOL outflows and NAV performance. Gold, silver see routine profit-taking pressure
• Negative Sentiment: Officials calling gold a “bubble” add headline risk that can deter some investors and spur short-term selling. Treasury calls gold a ‘bubble’ while banks target $6,000: Feneck warns of ‘commodity war’
• Negative Sentiment: Technical analysts warn of corrective phases and possible pullbacks, which could keep short-term volatility elevated for SGOL. Gold Analysis – Corrective Decline to $4400 Backed by Harmonics and Momentum Divergence

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.