Shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL – Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $28.17 and last traded at $28.16, with a volume of 201993 shares. The stock had previously closed at $27.98.
abrdn Physical Gold Shares ETF Stock Up 1.4 %
The company has a fifty day moving average of $26.88 and a 200-day moving average of $25.74.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in SGOL. Proficio Capital Partners LLC boosted its holdings in shares of abrdn Physical Gold Shares ETF by 2,405.0% during the 4th quarter. Proficio Capital Partners LLC now owns 3,016,596 shares of the company’s stock worth $75,566,000 after purchasing an additional 2,896,173 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in abrdn Physical Gold Shares ETF in the third quarter valued at approximately $35,703,000. Metis Global Partners LLC raised its position in abrdn Physical Gold Shares ETF by 34.6% in the third quarter. Metis Global Partners LLC now owns 4,657,799 shares of the company’s stock valued at $117,050,000 after purchasing an additional 1,197,086 shares during the period. Bank of Montreal Can purchased a new stake in abrdn Physical Gold Shares ETF in the third quarter valued at approximately $20,710,000. Finally, JPMorgan Chase & Co. raised its position in abrdn Physical Gold Shares ETF by 393.3% in the third quarter. JPMorgan Chase & Co. now owns 885,680 shares of the company’s stock valued at $22,257,000 after purchasing an additional 706,134 shares during the period.
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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