Lifeworks Advisors LLC Makes New $3.39 Million Investment in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL)

Lifeworks Advisors LLC purchased a new stake in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 134,756 shares of the company’s stock, valued at approximately $3,386,000. Lifeworks Advisors LLC owned 0.10% of abrdn Physical Gold Shares ETF at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sunbelt Securities Inc. acquired a new position in abrdn Physical Gold Shares ETF in the second quarter worth about $26,000. Exchange Traded Concepts LLC bought a new position in shares of abrdn Physical Gold Shares ETF during the 3rd quarter worth approximately $47,000. Center for Financial Planning Inc. acquired a new stake in abrdn Physical Gold Shares ETF in the 2nd quarter valued at $47,000. GPS Wealth Strategies Group LLC acquired a new stake in abrdn Physical Gold Shares ETF in the 2nd quarter valued at $152,000. Finally, Allworth Financial LP grew 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 valued at $186,000 after acquiring an additional 1,853 shares during the period.

abrdn Physical Gold Shares ETF Stock Down 0.3 %

Shares of NYSEARCA SGOL traded down $0.08 during midday trading on Thursday, reaching $24.50. 513,261 shares of the company traded hands, compared to its average volume of 3,372,892. abrdn Physical Gold Shares ETF has a 12 month low of $18.71 and a 12 month high of $26.65. The stock’s 50-day simple moving average is $25.30 and its 200-day simple moving average is $23.68.

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.