Merit Financial Group LLC Increases Position in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL)

Merit Financial Group LLC increased its stake in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 6.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 330,250 shares of the company’s stock after acquiring an additional 19,850 shares during the period. Merit Financial Group LLC’s holdings in abrdn Physical Gold Shares ETF were worth $8,273,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. FMR LLC increased its holdings in shares of abrdn Physical Gold Shares ETF by 18.1% in the third quarter. FMR LLC now owns 4,250 shares of the company’s stock valued at $107,000 after purchasing an additional 652 shares during the period. International Assets Investment Management LLC acquired a new position in abrdn Physical Gold Shares ETF in the 3rd quarter valued at $725,000. JPMorgan Chase & Co. increased its stake in abrdn Physical Gold Shares ETF by 393.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 885,680 shares of the company’s stock valued at $22,257,000 after buying an additional 706,134 shares during the period. Foundations Investment Advisors LLC lifted its stake in shares of abrdn Physical Gold Shares ETF by 24.6% in the 3rd quarter. Foundations Investment Advisors LLC now owns 58,823 shares of the company’s stock worth $1,478,000 after acquiring an additional 11,601 shares during the period. Finally, Arete Wealth Advisors LLC lifted its stake in shares of abrdn Physical Gold Shares ETF by 9.1% in the 3rd quarter. Arete Wealth Advisors LLC now owns 16,658 shares of the company’s stock worth $418,000 after acquiring an additional 1,393 shares during the period.

abrdn Physical Gold Shares ETF Trading Down 0.6 %

Shares of abrdn Physical Gold Shares ETF stock opened at $25.77 on Friday. abrdn Physical Gold Shares ETF has a 52-week low of $18.97 and a 52-week high of $26.65. The company’s 50-day simple moving average is $25.22 and its 200-day simple moving average is $24.62.

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.