Arete Wealth Advisors LLC Invests $1.08 Million in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL)

Arete Wealth Advisors LLC purchased a new stake in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 57,292 shares of the company’s stock, valued at approximately $1,081,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Jane Street Group LLC raised its position in abrdn Physical Gold Shares ETF by 162.4% in the 4th quarter. Jane Street Group LLC now owns 8,802,145 shares of the company’s stock valued at $153,773,000 after buying an additional 5,447,741 shares during the last quarter. Bank of America Corp DE raised its position in abrdn Physical Gold Shares ETF by 6.7% in the 1st quarter. Bank of America Corp DE now owns 3,803,986 shares of the company’s stock valued at $71,781,000 after buying an additional 239,682 shares during the last quarter. Ronald Blue Trust Inc. raised its position in abrdn Physical Gold Shares ETF by 30.4% in the 1st quarter. Ronald Blue Trust Inc. now owns 2,435,818 shares of the company’s stock valued at $42,554,000 after buying an additional 568,433 shares during the last quarter. UBS Group AG raised its position in abrdn Physical Gold Shares ETF by 0.8% in the 1st quarter. UBS Group AG now owns 2,389,268 shares of the company’s stock valued at $44,392,000 after buying an additional 20,063 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in abrdn Physical Gold Shares ETF by 22.2% in the 2nd quarter. Wells Fargo & Company MN now owns 922,486 shares of the company’s stock valued at $15,987,000 after buying an additional 167,837 shares during the last quarter.

abrdn Physical Gold Shares ETF Price Performance

NYSEARCA SGOL opened at $18.26 on Friday. The business has a fifty day simple moving average of $18.49 and a 200 day simple moving average of $18.65. abrdn Physical Gold Shares ETF has a 12 month low of $15.50 and a 12 month high of $19.72.

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.