Global Assets Advisory LLC Grows Position in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL)

Global Assets Advisory LLC raised its stake in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 219.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 148,285 shares of the company’s stock after purchasing an additional 101,877 shares during the quarter. abrdn Physical Gold Shares ETF comprises 0.8% of Global Assets Advisory LLC’s holdings, making the stock its 23rd biggest position. Global Assets Advisory LLC’s holdings in abrdn Physical Gold Shares ETF were worth $4,334,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Main Street Group LTD acquired a new position in shares of abrdn Physical Gold Shares ETF in the 4th quarter valued at $30,000. Congress Wealth Management LLC DE acquired a new stake in abrdn Physical Gold Shares ETF during the 4th quarter worth about $204,000. Wealthfront Advisers LLC purchased a new stake in abrdn Physical Gold Shares ETF during the 4th quarter valued at about $207,000. Natural Investments LLC acquired a new position in shares of abrdn Physical Gold Shares ETF in the fourth quarter valued at about $208,000. Finally, Collective Family Office LLC acquired a new position in shares of abrdn Physical Gold Shares ETF in the first quarter valued at about $218,000.

abrdn Physical Gold Shares ETF Stock Down 1.6%

abrdn Physical Gold Shares ETF stock opened at $31.70 on Wednesday. The stock has a 50-day moving average price of $31.72 and a 200 day moving average price of $28.78. abrdn Physical Gold Shares ETF has a 52 week low of $21.92 and a 52 week high of $32.88.

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.