abrdn Physical Gold Shares ETF (NYSEARCA:SGOL – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $27.16 and last traded at $27.16, with a volume of 4697939 shares changing hands. The stock had previously closed at $26.89.
abrdn Physical Gold Shares ETF Trading Up 1.0 %
The firm has a 50-day simple moving average of $25.56 and a 200-day simple moving average of $24.95.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Metis Global Partners LLC boosted its stake in abrdn Physical Gold Shares ETF by 34.6% during the third quarter. Metis Global Partners LLC now owns 4,657,799 shares of the company’s stock valued at $117,050,000 after buying an additional 1,197,086 shares during the period. Quadrature Capital Ltd purchased a new stake in shares of abrdn Physical Gold Shares ETF in the 3rd quarter valued at about $35,703,000. Pure Portfolios Holdings LLC boosted its position in shares of abrdn Physical Gold Shares ETF by 5.1% during the 4th quarter. Pure Portfolios Holdings LLC now owns 1,063,205 shares of the company’s stock valued at $26,633,000 after acquiring an additional 51,864 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of abrdn Physical Gold Shares ETF by 393.3% during the third quarter. JPMorgan Chase & Co. now owns 885,680 shares of the company’s stock worth $22,257,000 after purchasing an additional 706,134 shares in the last quarter. Finally, Bank of Montreal Can bought a new position in shares of abrdn Physical Gold Shares ETF in the third quarter worth approximately $20,710,000.
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.
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