Financial Advocates Investment Management Lowers Position in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL)

Financial Advocates Investment Management reduced its position in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 2.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,458 shares of the company’s stock after selling 1,067 shares during the period. Financial Advocates Investment Management’s holdings in abrdn Physical Gold Shares ETF were worth $1,139,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of SGOL. Mutual Advisors LLC increased its holdings in abrdn Physical Gold Shares ETF by 0.9% in the fourth quarter. Mutual Advisors LLC now owns 62,389 shares of the company’s stock valued at $1,617,000 after buying an additional 554 shares in the last quarter. True North Advisors LLC increased its stake in abrdn Physical Gold Shares ETF by 0.6% in the 4th quarter. True North Advisors LLC now owns 91,932 shares of the company’s stock valued at $2,303,000 after purchasing an additional 575 shares in the last quarter. Beaumont Financial Advisors LLC raised its holdings in abrdn Physical Gold Shares ETF by 3.7% during the fourth quarter. Beaumont Financial Advisors LLC now owns 17,025 shares of the company’s stock worth $426,000 after purchasing an additional 600 shares during the last quarter. FMR LLC raised its holdings in abrdn Physical Gold Shares ETF by 18.1% during the third quarter. FMR LLC now owns 4,250 shares of the company’s stock worth $107,000 after purchasing an additional 652 shares during the last quarter. Finally, Sigma Planning Corp boosted its position in abrdn Physical Gold Shares ETF by 3.1% during the third quarter. Sigma Planning Corp now owns 21,996 shares of the company’s stock worth $553,000 after purchasing an additional 669 shares in the last quarter.

abrdn Physical Gold Shares ETF Stock Performance

Shares of SGOL stock opened at $27.30 on Friday. The business has a fifty day simple moving average of $25.68 and a 200-day simple moving average of $25.01. abrdn Physical Gold Shares ETF has a fifty-two week low of $18.97 and a fifty-two week high of $27.56.

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.