HighTower Advisors LLC Trims Position in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL)

HighTower Advisors LLC cut its position in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 4.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,009,223 shares of the company’s stock after selling 88,159 shares during the period. HighTower Advisors LLC owned about 1.43% of abrdn Physical Gold Shares ETF worth $50,491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sunbelt Securities Inc. purchased a new stake in shares of abrdn Physical Gold Shares ETF in the second quarter worth $26,000. Center for Financial Planning Inc. purchased a new stake in shares of abrdn Physical Gold Shares ETF in the second quarter worth $47,000. Exchange Traded Concepts LLC purchased a new stake in shares of abrdn Physical Gold Shares ETF in the third quarter worth $47,000. FMR LLC increased its stake 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 worth $107,000 after purchasing an additional 652 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC purchased a new stake in shares of abrdn Physical Gold Shares ETF in the second quarter worth $152,000.

abrdn Physical Gold Shares ETF Stock Up 0.3 %

SGOL opened at $25.31 on Thursday. The company has a fifty day moving average of $25.48 and a 200 day moving average of $23.97. abrdn Physical Gold Shares ETF has a fifty-two week low of $18.90 and a fifty-two week high of $26.65.

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.