Encompass More Asset Management boosted its holdings in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL – Free Report) by 24.2% during the fourth quarter, HoldingsChannel reports. The fund owned 253,650 shares of the company’s stock after buying an additional 49,430 shares during the period. abrdn Physical Gold Shares ETF comprises 2.1% of Encompass More Asset Management’s holdings, making the stock its 7th biggest position. Encompass More Asset Management’s holdings in abrdn Physical Gold Shares ETF were worth $6,354,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. purchased a new position in shares of abrdn Physical Gold Shares ETF in the second quarter valued at approximately $26,000. Exchange Traded Concepts LLC purchased a new position in abrdn Physical Gold Shares ETF in the third quarter valued at $47,000. FMR LLC raised its position in abrdn Physical Gold Shares ETF by 18.1% in the 3rd quarter. FMR LLC now owns 4,250 shares of the company’s stock valued at $107,000 after purchasing an additional 652 shares in the last quarter. Allworth Financial LP increased its stake in shares of abrdn Physical Gold Shares ETF by 33.3% during the third quarter. Allworth Financial LP now owns 7,418 shares of the company’s stock worth $186,000 after buying an additional 1,853 shares during the period. Finally, SeaCrest Wealth Management LLC acquired a new stake in shares of abrdn Physical Gold Shares ETF in the 3rd quarter valued at $202,000.
abrdn Physical Gold Shares ETF Stock Performance
abrdn Physical Gold Shares ETF stock opened at $26.57 on Friday. The stock’s fifty day moving average is $25.33 and its two-hundred day moving average is $24.72. abrdn Physical Gold Shares ETF has a 1-year low of $18.97 and a 1-year high of $26.65.
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.
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