Modern Wealth Management LLC Takes $223,000 Position in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL)

Modern Wealth Management LLC bought a new position in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 8,053 shares of the company’s stock, valued at approximately $223,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Centerpoint Advisors LLC acquired a new stake in shares of abrdn Physical Gold Shares ETF during the 4th quarter valued at $81,000. FMR LLC raised its position in shares of abrdn Physical Gold Shares ETF by 18.1% during the third quarter. FMR LLC now owns 4,250 shares of the company’s stock worth $107,000 after purchasing an additional 652 shares during the period. Exchange Traded Concepts LLC lifted its holdings in shares of abrdn Physical Gold Shares ETF by 239.3% during the fourth quarter. Exchange Traded Concepts LLC now owns 6,325 shares of the company’s stock valued at $158,000 after purchasing an additional 4,461 shares during the last quarter. Congress Wealth Management LLC DE acquired a new position in shares of abrdn Physical Gold Shares ETF in the 4th quarter valued at $204,000. Finally, Wealthfront Advisers LLC purchased a new position in abrdn Physical Gold Shares ETF in the 4th quarter worth about $207,000.

abrdn Physical Gold Shares ETF Stock Up 0.7 %

SGOL stock opened at $29.39 on Friday. abrdn Physical Gold Shares ETF has a one year low of $21.31 and a one year high of $29.45. The firm has a 50-day moving average of $27.69 and a two-hundred day moving average of $26.14.

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.