abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) Sees Unusually-High Trading Volume – Here’s What Happened

abrdn Physical Gold Shares ETF (NYSEARCA:SGOLGet Free Report) saw unusually-strong trading volume on Thursday . Approximately 19,387,703 shares traded hands during trading, an increase of 196% from the previous session’s volume of 6,539,530 shares.The stock last traded at $49.21 and had previously closed at $51.24.

More 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 Stock Performance

The firm has a 50 day simple moving average of $42.71 and a 200-day simple moving average of $37.95.

Institutional Investors Weigh In On abrdn Physical Gold Shares ETF

Large investors have recently modified their holdings of the stock. Northeast Financial Group Inc. grew its position in abrdn Physical Gold Shares ETF by 3.3% in the 3rd quarter. Northeast Financial Group Inc. now owns 9,094 shares of the company’s stock valued at $335,000 after buying an additional 290 shares during the last quarter. Berkeley Capital Partners LLC raised its position in abrdn Physical Gold Shares ETF by 2.6% during the 3rd quarter. Berkeley Capital Partners LLC now owns 12,383 shares of the company’s stock worth $456,000 after buying an additional 314 shares during the last quarter. Lido Advisors LLC lifted its stake in shares of abrdn Physical Gold Shares ETF by 1.8% in the 2nd quarter. Lido Advisors LLC now owns 17,742 shares of the company’s stock worth $560,000 after acquiring an additional 320 shares during the period. True North Advisors LLC boosted its holdings in shares of abrdn Physical Gold Shares ETF by 0.4% in the third quarter. True North Advisors LLC now owns 81,712 shares of the company’s stock valued at $3,008,000 after acquiring an additional 347 shares in the last quarter. Finally, Prospera Financial Services Inc increased its stake in shares of abrdn Physical Gold Shares ETF by 3.9% during the third quarter. Prospera Financial Services Inc now owns 9,316 shares of the company’s stock worth $343,000 after acquiring an additional 347 shares during the period.

abrdn Physical Gold Shares ETF Company Profile

(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.

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