abrdn Physical Gold Shares ETF (NYSEARCA:SGOL – Get Free Report) was the recipient of some unusual options trading activity on Wednesday. Stock traders purchased 4,265 call options on the company. This is an increase of approximately 1,140% compared to the typical daily volume of 344 call options.
abrdn Physical Gold Shares ETF Trading Up 1.1 %
abrdn Physical Gold Shares ETF stock traded up $0.29 during midday trading on Wednesday, reaching $27.45. The company had a trading volume of 611,689 shares, compared to its average volume of 4,319,905. abrdn Physical Gold Shares ETF has a 12-month low of $18.97 and a 12-month high of $27.45. The firm’s fifty day simple moving average is $25.56 and its 200-day simple moving average is $24.95.
Hedge Funds Weigh In On abrdn Physical Gold Shares ETF
A number of hedge funds have recently made changes to their positions in the company. Exchange Traded Concepts LLC acquired a new stake in abrdn Physical Gold Shares ETF in the 3rd quarter valued at about $47,000. Centerpoint Advisors LLC acquired a new stake in shares of abrdn Physical Gold Shares ETF in the fourth quarter valued at approximately $81,000. FMR LLC increased its holdings in shares of abrdn Physical Gold Shares ETF by 18.1% in the third quarter. FMR LLC now owns 4,250 shares of the company’s stock valued at $107,000 after purchasing an additional 652 shares during the last quarter. Allworth Financial LP lifted its position in abrdn Physical Gold Shares ETF by 33.3% during the third quarter. Allworth Financial LP now owns 7,418 shares of the company’s stock worth $186,000 after buying an additional 1,853 shares in the last quarter. Finally, SeaCrest Wealth Management LLC acquired a new position in abrdn Physical Gold Shares ETF during the third quarter worth $202,000.
About abrdn Physical Gold Shares ETF
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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