Towneley Capital Management Inc DE Reduces Stake in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL)

Towneley Capital Management Inc DE trimmed its stake in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 2.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 719,652 shares of the company’s stock after selling 21,361 shares during the period. abrdn Physical Gold Shares ETF accounts for 4.3% of Towneley Capital Management Inc DE’s portfolio, making the stock its 9th largest position. Towneley Capital Management Inc DE owned 0.51% of abrdn Physical Gold Shares ETF worth $18,027,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Ervin Investment Management LLC lifted its position in shares of abrdn Physical Gold Shares ETF by 30.5% during the fourth quarter. Ervin Investment Management LLC now owns 102,385 shares of the company’s stock valued at $2,565,000 after buying an additional 23,910 shares during the last quarter. FMR LLC raised its stake in shares of abrdn Physical Gold Shares ETF by 18.1% during the 3rd quarter. FMR LLC now owns 4,250 shares of the company’s stock worth $107,000 after acquiring an additional 652 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in abrdn Physical Gold Shares ETF during the third quarter valued at approximately $725,000. JPMorgan Chase & Co. boosted its stake in abrdn Physical Gold Shares ETF by 393.3% in the third quarter. JPMorgan Chase & Co. now owns 885,680 shares of the company’s stock valued at $22,257,000 after acquiring an additional 706,134 shares in the last quarter. Finally, Foundations Investment Advisors LLC grew its holdings in abrdn Physical Gold Shares ETF by 24.6% in the third quarter. Foundations Investment Advisors LLC now owns 58,823 shares of the company’s stock worth $1,478,000 after purchasing an additional 11,601 shares during the last quarter.

abrdn Physical Gold Shares ETF Stock Up 1.6 %

Shares of abrdn Physical Gold Shares ETF stock opened at $27.75 on Tuesday. abrdn Physical Gold Shares ETF has a 52 week low of $18.97 and a 52 week high of $27.79. The company has a 50 day moving average price of $25.73 and a 200 day moving average price of $25.08.

abrdn Physical Gold Shares ETF Company Profile

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.