Bank of America Corp DE Increases Position in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL)

Bank of America Corp DE increased its stake in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 3.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,442,497 shares of the company’s stock after buying an additional 107,640 shares during the quarter. Bank of America Corp DE’s holdings in abrdn Physical Gold Shares ETF were worth $86,235,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Centerpoint Advisors LLC purchased a new stake in abrdn Physical Gold Shares ETF in the fourth quarter valued at $81,000. Exchange Traded Concepts LLC raised its position in shares of abrdn Physical Gold Shares ETF by 239.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 6,325 shares of the company’s stock worth $158,000 after acquiring an additional 4,461 shares during the period. Congress Wealth Management LLC DE acquired a new position in shares of abrdn Physical Gold Shares ETF in the fourth quarter worth about $204,000. Wealthfront Advisers LLC acquired a new position in shares of abrdn Physical Gold Shares ETF during the 4th quarter worth about $207,000. Finally, Natural Investments LLC acquired a new position in shares of abrdn Physical Gold Shares ETF during the 4th quarter worth about $208,000.

abrdn Physical Gold Shares ETF Stock Performance

SGOL opened at $31.76 on Monday. abrdn Physical Gold Shares ETF has a twelve month low of $21.85 and a twelve month high of $32.87. The company has a 50-day moving average price of $29.99 and a 200 day moving average price of $27.40.

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.