Sowell Financial Services LLC Sells 903 Shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL)

Sowell Financial Services LLC trimmed its holdings in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 1.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 70,220 shares of the company’s stock after selling 903 shares during the period. Sowell Financial Services LLC’s holdings in abrdn Physical Gold Shares ETF were worth $2,094,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Blue Bell Private Wealth Management LLC boosted its position in abrdn Physical Gold Shares ETF by 0.6% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 60,661 shares of the company’s stock valued at $1,520,000 after purchasing an additional 370 shares during the last quarter. CIBC Private Wealth Group LLC boosted its holdings in shares of abrdn Physical Gold Shares ETF by 1.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 22,479 shares of the company’s stock valued at $571,000 after buying an additional 388 shares during the last quarter. WCG Wealth Advisors LLC grew its stake in shares of abrdn Physical Gold Shares ETF by 0.7% in the fourth quarter. WCG Wealth Advisors LLC now owns 89,888 shares of the company’s stock valued at $2,252,000 after buying an additional 618 shares in the last quarter. Global Assets Advisory LLC grew its stake in shares of abrdn Physical Gold Shares ETF by 1.4% in the fourth quarter. Global Assets Advisory LLC now owns 46,408 shares of the company’s stock valued at $1,178,000 after buying an additional 620 shares in the last quarter. Finally, Sovereign Financial Group Inc. raised its position in abrdn Physical Gold Shares ETF by 4.7% during the first quarter. Sovereign Financial Group Inc. now owns 14,136 shares of the company’s stock worth $422,000 after acquiring an additional 630 shares in the last quarter.

abrdn Physical Gold Shares ETF Trading Down 1.4%

Shares of SGOL stock opened at $32.28 on Tuesday. The company has a fifty day moving average price of $31.50 and a two-hundred day moving average price of $28.51. abrdn Physical Gold Shares ETF has a one year low of $21.92 and a one year high of $32.88.

abrdn Physical Gold Shares ETF Company Profile

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.