Elevate Capital Advisors LLC Takes $709,000 Position in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL)

Elevate Capital Advisors LLC bought a new position in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 28,302 shares of the company’s stock, valued at approximately $709,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SGOL. Metis Global Partners LLC increased its holdings in shares of abrdn Physical Gold Shares ETF by 34.6% in the third quarter. Metis Global Partners LLC now owns 4,657,799 shares of the company’s stock valued at $117,050,000 after buying an additional 1,197,086 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of abrdn Physical Gold Shares ETF in the 3rd quarter worth $35,703,000. Pure Portfolios Holdings LLC acquired a new stake in shares of abrdn Physical Gold Shares ETF during the third quarter worth $25,415,000. JPMorgan Chase & Co. lifted its holdings in shares of abrdn Physical Gold Shares ETF by 393.3% during the third quarter. JPMorgan Chase & Co. now owns 885,680 shares of the company’s stock valued at $22,257,000 after purchasing an additional 706,134 shares during the last quarter. Finally, Bank of Montreal Can acquired a new position in shares of abrdn Physical Gold Shares ETF in the 3rd quarter valued at $20,710,000.

abrdn Physical Gold Shares ETF Price Performance

Shares of SGOL opened at $27.30 on Monday. The business’s 50-day moving average price is $25.68 and its 200 day moving average price is $25.04. abrdn Physical Gold Shares ETF has a 1-year low of $18.97 and a 1-year high of $27.56.

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.