Wealth Watch Advisors INC Takes $781,000 Position in abrdn Physical Gold Shares ETF $SGOL

Wealth Watch Advisors INC purchased a new stake in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 24,774 shares of the company’s stock, valued at approximately $781,000.

A number of other institutional investors and hedge funds also recently modified their holdings of SGOL. Guardian Point Capital LP bought a new stake in shares of abrdn Physical Gold Shares ETF in the 1st quarter valued at about $22,365,000. Global View Capital Management LLC increased its stake in shares of abrdn Physical Gold Shares ETF by 337.5% in the 1st quarter. Global View Capital Management LLC now owns 454,788 shares of the company’s stock valued at $13,562,000 after acquiring an additional 350,832 shares during the last quarter. Cresset Asset Management LLC bought a new stake in shares of abrdn Physical Gold Shares ETF in the 1st quarter valued at about $3,845,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of abrdn Physical Gold Shares ETF by 41.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 426,850 shares of the company’s stock valued at $12,545,000 after acquiring an additional 125,750 shares during the last quarter. Finally, E Fund Management Co. Ltd. bought a new stake in shares of abrdn Physical Gold Shares ETF in the 1st quarter valued at about $3,564,000.

abrdn Physical Gold Shares ETF Stock Down 0.3%

Shares of SGOL stock opened at $39.11 on Monday. The stock has a 50-day moving average of $35.82 and a 200-day moving average of $33.15. abrdn Physical Gold Shares ETF has a one year low of $24.41 and a one year high of $41.77.

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.