Merit Financial Group LLC Boosts Stock Holdings in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL)

Merit Financial Group LLC lifted its stake in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 6.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 330,250 shares of the company’s stock after purchasing an additional 19,850 shares during the period. Merit Financial Group LLC owned about 0.24% of abrdn Physical Gold Shares ETF worth $8,273,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Quadrature Capital Ltd purchased a new position in shares of abrdn Physical Gold Shares ETF in the 3rd quarter valued at about $35,703,000. Metis Global Partners LLC lifted its stake in 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 worth $117,050,000 after acquiring an additional 1,197,086 shares during the last quarter. Pure Portfolios Holdings LLC purchased a new position in abrdn Physical Gold Shares ETF in the third quarter worth approximately $25,415,000. Bank of Montreal Can acquired a new position in abrdn Physical Gold Shares ETF during the 3rd quarter worth approximately $20,710,000. Finally, JPMorgan Chase & Co. increased its position in shares of 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 purchasing an additional 706,134 shares during the last quarter.

abrdn Physical Gold Shares ETF Stock Performance

Shares of SGOL opened at $25.77 on Friday. The firm’s fifty day simple moving average is $25.22 and its 200-day simple moving average is $24.62. abrdn Physical Gold Shares ETF has a twelve month low of $18.97 and a twelve month high of $26.65.

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.