JPMorgan Chase & Co. increased its stake in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL – Free Report) by 393.3% in the 3rd quarter, Holdings Channel reports. The firm owned 885,680 shares of the company’s stock after purchasing an additional 706,134 shares during the period. JPMorgan Chase & Co.’s holdings in abrdn Physical Gold Shares ETF were worth $22,257,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. acquired a new position in shares of abrdn Physical Gold Shares ETF during the second quarter worth approximately $26,000. Exchange Traded Concepts LLC acquired a new position in abrdn Physical Gold Shares ETF during the 3rd quarter valued at $47,000. FMR LLC raised its stake in abrdn Physical Gold Shares ETF by 18.1% during the 3rd quarter. FMR LLC now owns 4,250 shares of the company’s stock valued at $107,000 after purchasing an additional 652 shares during the last quarter. Allworth Financial LP boosted its holdings in abrdn Physical Gold Shares ETF by 33.3% in the 3rd quarter. Allworth Financial LP now owns 7,418 shares of the company’s stock valued at $186,000 after purchasing an additional 1,853 shares during the period. Finally, SeaCrest Wealth Management LLC acquired a new stake in abrdn Physical Gold Shares ETF in the 3rd quarter worth $202,000.
abrdn Physical Gold Shares ETF Stock Up 0.5 %
Shares of SGOL opened at $25.42 on Thursday. The company has a 50-day simple moving average of $25.26 and a 200-day simple moving average of $24.47. abrdn Physical Gold Shares ETF has a 52 week low of $18.97 and a 52 week high of $26.65.
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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Want to see what other hedge funds are holding SGOL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for abrdn Physical Gold Shares ETF (NYSEARCA:SGOL – Free Report).
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