Ervin Investment Management LLC Acquires 23,910 Shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL)

Ervin Investment Management LLC raised its holdings in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 30.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 102,385 shares of the company’s stock after purchasing an additional 23,910 shares during the quarter. abrdn Physical Gold Shares ETF accounts for approximately 1.7% of Ervin Investment Management LLC’s investment portfolio, making the stock its 15th largest holding. Ervin Investment Management LLC owned approximately 0.07% of abrdn Physical Gold Shares ETF worth $2,565,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sunbelt Securities Inc. purchased a new position in shares of abrdn Physical Gold Shares ETF during the second quarter valued at $26,000. Exchange Traded Concepts LLC purchased a new position in shares of abrdn Physical Gold Shares ETF during the third quarter valued at $47,000. FMR LLC increased its stake in shares of abrdn Physical Gold Shares ETF by 18.1% during the third quarter. FMR LLC now owns 4,250 shares of the company’s stock valued at $107,000 after buying an additional 652 shares during the period. 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 valued at $186,000 after buying an additional 1,853 shares during the period. Finally, SeaCrest Wealth Management LLC purchased a new position in shares of abrdn Physical Gold Shares ETF during the third quarter valued at $202,000.

abrdn Physical Gold Shares ETF Stock Performance

Shares of abrdn Physical Gold Shares ETF stock opened at $25.77 on Monday. The stock’s fifty day moving average price is $25.22 and its 200-day moving average price is $24.66. abrdn Physical Gold Shares ETF has a 12 month low of $18.97 and a 12 month 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.