C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Makes New Investment in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) in the fourth quarter, Holdings Channel.com reports. The firm bought 100,000 shares of the company’s stock, valued at approximately $2,505,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Ervin Investment Management LLC lifted its holdings in shares of abrdn Physical Gold Shares ETF by 30.5% in the fourth quarter. Ervin Investment Management LLC now owns 102,385 shares of the company’s stock worth $2,565,000 after acquiring an additional 23,910 shares during the last quarter. FMR LLC raised its holdings in abrdn Physical Gold Shares ETF by 18.1% in the 3rd quarter. FMR LLC now owns 4,250 shares of the company’s stock valued at $107,000 after buying an additional 652 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in abrdn Physical Gold Shares ETF by 393.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 885,680 shares of the company’s stock valued at $22,257,000 after buying an additional 706,134 shares during the last quarter. International Assets Investment Management LLC bought a new position in abrdn Physical Gold Shares ETF in the 3rd quarter valued at approximately $725,000. Finally, Foundations Investment Advisors LLC raised its holdings in abrdn Physical Gold Shares ETF by 24.6% in the 3rd quarter. Foundations Investment Advisors LLC now owns 58,823 shares of the company’s stock valued at $1,478,000 after buying an additional 11,601 shares during the last quarter.

abrdn Physical Gold Shares ETF Trading Up 1.6 %

Shares of NYSEARCA SGOL opened at $27.99 on Wednesday. The company has a 50 day simple moving average of $26.02 and a 200 day simple moving average of $25.27. abrdn Physical Gold Shares ETF has a 1 year low of $19.31 and a 1 year high of $28.03.

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.