NewEdge Advisors LLC Purchases 45,676 Shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL)

NewEdge Advisors LLC boosted its position in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 19.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 281,183 shares of the company’s stock after purchasing an additional 45,676 shares during the period. NewEdge Advisors LLC owned about 0.20% of abrdn Physical Gold Shares ETF worth $6,248,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Center for Financial Planning Inc. purchased a new stake in abrdn Physical Gold Shares ETF in the second quarter worth $47,000. GPS Wealth Strategies Group LLC purchased a new position in abrdn Physical Gold Shares ETF in the 2nd quarter worth about $152,000. Ashton Thomas Private Wealth LLC bought a new stake in abrdn Physical Gold Shares ETF during the 2nd quarter valued at about $184,000. Curtis Advisory Group LLC purchased a new stake in abrdn Physical Gold Shares ETF in the 1st quarter valued at about $206,000. Finally, Rehmann Capital Advisory Group bought a new position in abrdn Physical Gold Shares ETF in the 1st quarter worth about $208,000.

abrdn Physical Gold Shares ETF Stock Up 1.0 %

Shares of NYSEARCA:SGOL opened at $25.39 on Wednesday. The firm’s 50 day simple moving average is $23.91 and its 200-day simple moving average is $22.83. abrdn Physical Gold Shares ETF has a one year low of $17.35 and a one year high of $25.57.

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.