Focus Financial Network Inc. Has $9.25 Million Stake in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL)

Focus Financial Network Inc. grew its position in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 3.7% during the 1st quarter, Holdings Channel.com reports. The firm owned 310,181 shares of the company’s stock after purchasing an additional 11,115 shares during the period. Focus Financial Network Inc.’s holdings in abrdn Physical Gold Shares ETF were worth $9,250,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Main Street Group LTD acquired a new position in shares of abrdn Physical Gold Shares ETF in the fourth quarter valued at approximately $30,000. Centerpoint Advisors LLC acquired a new position in shares of abrdn Physical Gold Shares ETF in the fourth quarter valued at approximately $81,000. Collective Family Office LLC acquired a new position in shares of abrdn Physical Gold Shares ETF in the first quarter valued at approximately $218,000. SeaCrest Wealth Management LLC acquired a new stake in abrdn Physical Gold Shares ETF during the first quarter worth approximately $230,000. Finally, Paragon Advisors LLC acquired a new stake in abrdn Physical Gold Shares ETF during the first quarter worth approximately $234,000.

abrdn Physical Gold Shares ETF Price Performance

Shares of NYSEARCA:SGOL opened at $31.75 on Wednesday. abrdn Physical Gold Shares ETF has a 1 year low of $21.92 and a 1 year high of $32.87. The business’s 50 day simple moving average is $31.20 and its 200 day simple moving average is $28.29.

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.