Transform Wealth LLC Grows Stock Position in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL)

Transform Wealth LLC boosted its holdings in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 121.2% during the fourth quarter, HoldingsChannel reports. The fund owned 41,678 shares of the company’s stock after buying an additional 22,838 shares during the period. Transform Wealth LLC’s holdings in abrdn Physical Gold Shares ETF were worth $1,044,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Metis Global Partners LLC raised its stake in shares of abrdn Physical Gold Shares ETF by 34.6% in the 3rd quarter. Metis Global Partners LLC now owns 4,657,799 shares of the company’s stock valued at $117,050,000 after acquiring an additional 1,197,086 shares during the period. Quadrature Capital Ltd acquired a new stake in abrdn Physical Gold Shares ETF in the 3rd quarter valued at approximately $35,703,000. Pure Portfolios Holdings LLC purchased a new stake in abrdn Physical Gold Shares ETF in the third quarter valued at approximately $25,415,000. JPMorgan Chase & Co. lifted its stake in 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 purchased a new position in shares of abrdn Physical Gold Shares ETF during the third quarter worth $20,710,000.

abrdn Physical Gold Shares ETF Stock Up 1.6 %

Shares of NYSEARCA SGOL opened at $26.17 on Wednesday. abrdn Physical Gold Shares ETF has a twelve month low of $18.97 and a twelve month high of $26.65. The stock has a fifty day simple moving average of $25.26 and a 200-day simple moving average of $24.70.

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.