Fiduciary Alliance LLC Decreases Stake in abrdn Physical Gold Shares ETF $SGOL

Fiduciary Alliance LLC cut its holdings in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 4.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 216,523 shares of the company’s stock after selling 10,977 shares during the quarter. Fiduciary Alliance LLC owned about 0.13% of abrdn Physical Gold Shares ETF worth $6,829,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Guardian Point Capital LP purchased a new position in abrdn Physical Gold Shares ETF in the 1st quarter worth approximately $22,365,000. Global View Capital Management LLC increased its holdings in shares of abrdn Physical Gold Shares ETF by 337.5% in the first quarter. Global View Capital Management LLC now owns 454,788 shares of the company’s stock valued at $13,562,000 after purchasing an additional 350,832 shares during the last quarter. Client First Investment Management LLC purchased a new position in abrdn Physical Gold Shares ETF during the first quarter worth approximately $7,475,000. Cresset Asset Management LLC purchased a new position in abrdn Physical Gold Shares ETF during the first quarter worth approximately $3,845,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in abrdn Physical Gold Shares ETF by 41.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 426,850 shares of the company’s stock worth $12,545,000 after buying an additional 125,750 shares during the last quarter.

abrdn Physical Gold Shares ETF Stock Performance

Shares of NYSEARCA:SGOL opened at $35.10 on Tuesday. abrdn Physical Gold Shares ETF has a 52-week low of $24.33 and a 52-week high of $35.14. The business has a fifty day moving average of $32.51 and a two-hundred day moving average of $31.33.

abrdn Physical Gold Shares ETF 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.