Shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL – Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as $35.03 and last traded at $34.61, with a volume of 4929278 shares traded. The stock had previously closed at $34.68.
abrdn Physical Gold Shares ETF Trading Down 0.2%
The firm has a 50-day moving average of $32.28 and a two-hundred day moving average of $31.11.
Institutional Trading of abrdn Physical Gold Shares ETF
Several institutional investors and hedge funds have recently modified their holdings of SGOL. Comerica Bank lifted its position in shares of abrdn Physical Gold Shares ETF by 9.3% during the 4th quarter. Comerica Bank now owns 37,897 shares of the company’s stock worth $949,000 after buying an additional 3,236 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its position in shares of abrdn Physical Gold Shares ETF by 27.2% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 10,326 shares of the company’s stock worth $259,000 after buying an additional 2,211 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of abrdn Physical Gold Shares ETF by 26.7% during the 4th quarter. Ameriprise Financial Inc. now owns 185,200 shares of the company’s stock worth $4,641,000 after buying an additional 39,075 shares during the last quarter. Main Street Group LTD bought a new stake in shares of abrdn Physical Gold Shares ETF during the 4th quarter worth $30,000. Finally, Royal Bank of Canada lifted its position in shares of abrdn Physical Gold Shares ETF by 0.4% during the 4th quarter. Royal Bank of Canada now owns 540,846 shares of the company’s stock worth $13,548,000 after buying an additional 2,363 shares during the last quarter.
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.
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