ETF Store Inc. Sells 24,311 Shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL)

ETF Store Inc. lessened its holdings in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 47.7% during the 2nd quarter, Holdings Channel.com reports. The fund owned 26,668 shares of the company’s stock after selling 24,311 shares during the period. ETF Store Inc.’s holdings in abrdn Physical Gold Shares ETF were worth $593,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Global Assets Advisory LLC boosted its stake in shares of abrdn Physical Gold Shares ETF by 1,462.1% during the 1st quarter. Global Assets Advisory LLC now owns 797,211 shares of the company’s stock worth $16,933,000 after acquiring an additional 746,178 shares in the last quarter. Advisors Management Group Inc. ADV bought a new stake in abrdn Physical Gold Shares ETF during the first quarter worth approximately $10,504,000. Cetera Investment Advisers grew its holdings in abrdn Physical Gold Shares ETF by 293.6% during the first quarter. Cetera Investment Advisers now owns 388,069 shares of the company’s stock valued at $8,243,000 after purchasing an additional 289,465 shares during the last quarter. Focus Financial Network Inc. ADV bought a new position in shares of abrdn Physical Gold Shares ETF in the fourth quarter valued at approximately $5,525,000. Finally, Inspire Advisors LLC lifted its stake in shares of abrdn Physical Gold Shares ETF by 115.7% in the first quarter. Inspire Advisors LLC now owns 328,760 shares of the company’s stock worth $6,983,000 after buying an additional 176,354 shares during the last quarter.

abrdn Physical Gold Shares ETF Stock Up 0.4 %

NYSEARCA SGOL opened at $24.11 on Friday. abrdn Physical Gold Shares ETF has a 1 year low of $17.35 and a 1 year high of $24.18. The company has a fifty day simple moving average of $23.26 and a 200 day simple moving average of $22.24.

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.