abrdn Physical Gold Shares ETF $SGOL Shares Sold by Inspire Advisors LLC

Inspire Advisors LLC lessened its stake in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 19.2% during the second quarter, HoldingsChannel.com reports. The firm owned 180,759 shares of the company’s stock after selling 42,985 shares during the period. abrdn Physical Gold Shares ETF makes up approximately 0.6% of Inspire Advisors LLC’s holdings, making the stock its 17th biggest holding. Inspire Advisors LLC’s holdings in abrdn Physical Gold Shares ETF were worth $5,701,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Metis Global Partners LLC raised its stake in abrdn Physical Gold Shares ETF by 18.1% during the second quarter. Metis Global Partners LLC now owns 5,373,804 shares of the company’s stock valued at $169,490,000 after buying an additional 824,735 shares in the last quarter. LPL Financial LLC increased its holdings in shares of abrdn Physical Gold Shares ETF by 4.7% in the 1st quarter. LPL Financial LLC now owns 1,432,048 shares of the company’s stock valued at $42,704,000 after acquiring an additional 64,015 shares during the last quarter. Ethos Financial Group LLC raised its position in shares of abrdn Physical Gold Shares ETF by 11.3% during the 2nd quarter. Ethos Financial Group LLC now owns 954,086 shares of the company’s stock valued at $30,091,000 after acquiring an additional 97,067 shares in the last quarter. Almanack Investment Partners LLC. boosted its holdings in abrdn Physical Gold Shares ETF by 4.6% in the second quarter. Almanack Investment Partners LLC. now owns 793,755 shares of the company’s stock worth $25,035,000 after purchasing an additional 34,761 shares during the period. Finally, Guardian Point Capital LP bought a new stake in abrdn Physical Gold Shares ETF during the first quarter valued at $22,365,000.

abrdn Physical Gold Shares ETF Stock Performance

abrdn Physical Gold Shares ETF stock opened at $38.51 on Tuesday. abrdn Physical Gold Shares ETF has a 1 year low of $24.69 and a 1 year high of $41.77. The firm’s 50-day moving average is $37.62 and its 200-day moving average is $33.97.

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.