American Money Management LLC Has $544,000 Position in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL)

American Money Management LLC lifted its stake in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 9.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,258 shares of the company’s stock after acquiring an additional 1,600 shares during the period. American Money Management LLC’s holdings in abrdn Physical Gold Shares ETF were worth $544,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Bank of America Corp DE lifted its position in shares of abrdn Physical Gold Shares ETF by 3.2% during the 4th quarter. Bank of America Corp DE now owns 3,442,497 shares of the company’s stock valued at $86,235,000 after acquiring an additional 107,640 shares during the period. LPL Financial LLC raised its holdings in abrdn Physical Gold Shares ETF by 4.7% during the first quarter. LPL Financial LLC now owns 1,432,048 shares of the company’s stock worth $42,704,000 after buying an additional 64,015 shares during the last quarter. Pure Portfolios Holdings LLC raised its holdings in abrdn Physical Gold Shares ETF by 0.8% during the first quarter. Pure Portfolios Holdings LLC now owns 1,072,147 shares of the company’s stock worth $31,971,000 after buying an additional 8,942 shares during the last quarter. Towneley Capital Management Inc DE raised its holdings in abrdn Physical Gold Shares ETF by 2.7% during the first quarter. Towneley Capital Management Inc DE now owns 738,788 shares of the company’s stock worth $22,031,000 after buying an additional 19,136 shares during the last quarter. Finally, Tudor Investment Corp ET AL raised its holdings in abrdn Physical Gold Shares ETF by 334.6% during the fourth quarter. Tudor Investment Corp ET AL now owns 657,707 shares of the company’s stock worth $16,476,000 after buying an additional 506,363 shares during the last quarter.

abrdn Physical Gold Shares ETF Stock Performance

SGOL opened at $32.03 on Thursday. The company’s fifty day moving average price is $31.95 and its two-hundred day moving average price is $30.36. abrdn Physical Gold Shares ETF has a 1-year low of $23.26 and a 1-year high of $32.88.

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.