Allen Capital Group LLC Cuts Stake in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL)

Allen Capital Group LLC reduced its stake in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 1.4% during the third quarter, HoldingsChannel reports. The fund owned 616,980 shares of the company’s stock after selling 9,075 shares during the period. abrdn Physical Gold Shares ETF comprises approximately 1.9% of Allen Capital Group LLC’s holdings, making the stock its 11th largest position. Allen Capital Group LLC’s holdings in abrdn Physical Gold Shares ETF were worth $15,505,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of SGOL. 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. GPS Wealth Strategies Group LLC purchased a new stake in shares of abrdn Physical Gold Shares ETF in the second quarter worth $152,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of abrdn Physical Gold Shares ETF in the second quarter worth $184,000.

abrdn Physical Gold Shares ETF Price Performance

NYSEARCA SGOL opened at $25.51 on Friday. abrdn Physical Gold Shares ETF has a 12 month low of $18.90 and a 12 month high of $26.65. The stock’s fifty day moving average price is $25.41 and its 200-day moving average price is $23.79.

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.