Ameriprise Financial Inc. Grows Stock Holdings in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL)

Ameriprise Financial Inc. boosted its position in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 26.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 185,200 shares of the company’s stock after purchasing an additional 39,075 shares during the period. Ameriprise Financial Inc. owned approximately 0.13% of abrdn Physical Gold Shares ETF worth $4,641,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Centerpoint Advisors LLC acquired a new position in abrdn Physical Gold Shares ETF during the 4th quarter worth about $81,000. Exchange Traded Concepts LLC boosted its position in shares of abrdn Physical Gold Shares ETF by 239.3% in the 4th 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 period. Congress Wealth Management LLC DE acquired a new stake in abrdn Physical Gold Shares ETF during the 4th quarter worth $204,000. Wealthfront Advisers LLC acquired a new stake in abrdn Physical Gold Shares ETF during the 4th quarter worth approximately $207,000. Finally, Natural Investments LLC acquired a new stake in shares of abrdn Physical Gold Shares ETF in the 4th quarter worth $208,000.

abrdn Physical Gold Shares ETF Stock Up 2.2%

Shares of SGOL stock opened at $32.07 on Monday. The business’s fifty day moving average price is $30.58 and its 200 day moving average price is $27.75. abrdn Physical Gold Shares ETF has a 1-year low of $21.85 and a 1-year high of $32.87.

abrdn Physical Gold Shares ETF Company 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.