Focus Partners Wealth Sells 48,091 Shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL)

Focus Partners Wealth trimmed its holdings in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 32.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 99,701 shares of the company’s stock after selling 48,091 shares during the quarter. Focus Partners Wealth’s holdings in abrdn Physical Gold Shares ETF were worth $2,498,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Foresight Capital Management Advisors Inc. bought a new position in shares of abrdn Physical Gold Shares ETF during the fourth quarter valued at $1,100,000. Legacy Wealth Asset Management LLC increased its position in shares of abrdn Physical Gold Shares ETF by 11.1% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 53,947 shares of the company’s stock worth $1,351,000 after purchasing an additional 5,372 shares in the last quarter. Merit Financial Group LLC lifted its holdings in abrdn Physical Gold Shares ETF by 6.4% during the 4th quarter. Merit Financial Group LLC now owns 330,250 shares of the company’s stock valued at $8,273,000 after purchasing an additional 19,850 shares during the last quarter. Terra Nova Asset Management LLC boosted its position in abrdn Physical Gold Shares ETF by 1.5% in the fourth quarter. Terra Nova Asset Management LLC now owns 55,012 shares of the company’s stock valued at $1,378,000 after buying an additional 801 shares in the last quarter. Finally, Ervin Investment Management LLC grew its stake in 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 worth $2,565,000 after buying an additional 23,910 shares during the last quarter.

abrdn Physical Gold Shares ETF Stock Up 1.6%

NYSEARCA SGOL opened at $30.83 on Friday. abrdn Physical Gold Shares ETF has a 1-year low of $21.85 and a 1-year high of $32.87. The company has a 50 day moving average of $30.23 and a 200-day moving average of $27.51.

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.