abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) Sees Strong Trading Volume – Here’s What Happened

Shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) saw unusually-strong trading volume on Friday . Approximately 3,599,106 shares were traded during trading, a decline of 22% from the previous session’s volume of 4,590,395 shares.The stock last traded at $27.09 and had previously closed at $27.42.

abrdn Physical Gold Shares ETF Trading Down 0.6 %

The stock’s fifty day simple moving average is $26.39 and its two-hundred day simple moving average is $25.48.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SGOL. Main Street Group LTD bought a new stake in shares of abrdn Physical Gold Shares ETF in the 4th quarter valued at $30,000. Centerpoint Advisors LLC acquired a new position in abrdn Physical Gold Shares ETF in the fourth quarter valued at $81,000. FMR LLC boosted its position in abrdn Physical Gold Shares ETF by 18.1% during the third quarter. FMR LLC now owns 4,250 shares of the company’s stock valued at $107,000 after acquiring an additional 652 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in abrdn Physical Gold Shares ETF by 239.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 6,325 shares of the company’s stock worth $158,000 after acquiring an additional 4,461 shares during the period. Finally, Allworth Financial LP grew its holdings in abrdn Physical Gold Shares ETF by 33.3% during the 3rd quarter. Allworth Financial LP now owns 7,418 shares of the company’s stock worth $186,000 after acquiring an additional 1,853 shares during the period.

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.