Financial & Tax Architects LLC reduced its stake in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL – Free Report) by 20.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 49,071 shares of the company’s stock after selling 12,903 shares during the period. Financial & Tax Architects LLC’s holdings in abrdn Physical Gold Shares ETF were worth $1,229,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the stock. Sunbelt Securities Inc. bought a new stake in abrdn Physical Gold Shares ETF in the second quarter worth $26,000. Exchange Traded Concepts LLC bought a new stake in abrdn Physical Gold Shares ETF in the third quarter worth $47,000. FMR LLC increased its position in 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 during the last quarter. Allworth Financial LP increased its position in abrdn Physical Gold Shares ETF by 33.3% in the third quarter. Allworth Financial LP now owns 7,418 shares of the company’s stock worth $186,000 after purchasing an additional 1,853 shares during the last quarter. Finally, SeaCrest Wealth Management LLC bought a new stake in abrdn Physical Gold Shares ETF in the third quarter worth $202,000.
abrdn Physical Gold Shares ETF Stock Down 0.6 %
NYSEARCA SGOL traded down $0.15 on Friday, hitting $25.77. 3,740,613 shares of the stock were exchanged, compared to its average volume of 4,493,552. The stock has a fifty day moving average price of $25.22 and a two-hundred day moving average price of $24.62. abrdn Physical Gold Shares ETF has a 52-week low of $18.97 and a 52-week 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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