abrdn Physical Gold Shares ETF Sees Unusually Large Options Volume (NYSEARCA:SGOL)

abrdn Physical Gold Shares ETF (NYSEARCA:SGOLGet Free Report) was the target of unusually large options trading on Monday. Traders bought 3,209 call options on the company. This represents an increase of 270% compared to the typical daily volume of 868 call options.

Key abrdn Physical Gold Shares ETF News

Here are the key news stories impacting abrdn Physical Gold Shares ETF this week:

abrdn Physical Gold Shares ETF Price Performance

NYSEARCA SGOL opened at $47.75 on Tuesday. The stock has a 50-day simple moving average of $47.21 and a 200 day simple moving average of $41.57. abrdn Physical Gold Shares ETF has a twelve month low of $28.22 and a twelve month high of $52.84.

Institutional Investors Weigh In On abrdn Physical Gold Shares ETF

Several hedge funds have recently modified their holdings of SGOL. Alpine Bank Wealth Management lifted its stake in shares of abrdn Physical Gold Shares ETF by 100.0% in the third quarter. Alpine Bank Wealth Management now owns 28,000 shares of the company’s stock valued at $1,031,000 after buying an additional 14,000 shares during the period. Inspire Advisors LLC grew its position in abrdn Physical Gold Shares ETF by 23.3% during the third quarter. Inspire Advisors LLC now owns 222,883 shares of the company’s stock worth $8,204,000 after buying an additional 42,124 shares in the last quarter. Client First Investment Management LLC bought a new position in abrdn Physical Gold Shares ETF during the third quarter valued at about $461,000. Almanack Investment Partners LLC. raised its holdings in abrdn Physical Gold Shares ETF by 32.5% in the 3rd quarter. Almanack Investment Partners LLC. now owns 1,051,679 shares of the company’s stock valued at $38,712,000 after acquiring an additional 257,924 shares in the last quarter. Finally, AE Wealth Management LLC acquired a new position in abrdn Physical Gold Shares ETF in the 2nd quarter valued at approximately $255,000.

About abrdn Physical Gold Shares ETF

(Get Free Report)

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.

Further Reading

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