Mutual Advisors LLC Acquires 5,720 Shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL)

On November 1st, 2024, it was reported that Mutual Advisors LLC has increased its investment in the abrdn Physical Gold Shares ETF (NYSEARCA:SGOL). During the third quarter, the company raised its holdings by 10.2%, acquiring an additional 5,720 shares. As a result, Mutual Advisors LLC now owns a total of 61,835 shares, which were valued at $1,615,000 at the end of the recent reporting period.

Other institutional investors and hedge funds have also adjusted their positions in the abrdn Physical Gold Shares ETF. For example, Valmark Advisers Inc. acquired a new stake worth $233,000 during the third quarter. Similarly, MONECO Advisors LLC increased its holdings by 37.8%, owning 151,481 shares with a value of $3,807,000 after purchasing an additional 41,560 shares.

Mirae Asset Global Investments Co. Ltd. also enhanced its investment in SGOL by 18.8%, resulting in ownership of 227,600 shares valued at $5,765,000 after acquiring an extra 36,000 shares. In addition, Allworth Financial LP and Capital Management Associates Inc. expanded their stakes by 33.3% and 2.2%, respectively.

Performance of abrdn Physical Gold Shares ETF

The trading price of abrdn Physical Gold Shares ETF was noted at $26.21 on the specified Friday. Over the past year, the ETF reached a low of $18.48 and a high of $26.65. The stock’s performance is also reflected in its moving averages; it has a 50-day average price of $24.97 and a 200-day average price of $23.47.

About abrdn Physical Gold Shares ETF

The abrdn Physical Gold Shares ETF (SGOL) is an exchange-traded fund that seeks to track the price of physical gold, aiming to mirror the spot price of gold minus any trust expenses. The ETF invests in physical gold bars and was launched on September 9, 2009, and is managed by Abrdn.

Mutual, Investors, ETF