Merit Financial Group LLC Trims Position in abrdn Physical Gold Shares ETF $SGOL

Merit Financial Group LLC lowered its holdings in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 0.7% during the second quarter, Holdings Channel reports. The fund owned 375,728 shares of the company’s stock after selling 2,616 shares during the quarter. Merit Financial Group LLC’s holdings in abrdn Physical Gold Shares ETF were worth $11,850,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Key Client Fiduciary Advisors LLC boosted its holdings in abrdn Physical Gold Shares ETF by 3.6% in the second quarter. Key Client Fiduciary Advisors LLC now owns 12,182 shares of the company’s stock valued at $384,000 after purchasing an additional 419 shares during the last quarter. Sovereign Financial Group Inc. lifted its holdings in shares of abrdn Physical Gold Shares ETF by 4.7% in the 1st quarter. Sovereign Financial Group Inc. now owns 14,136 shares of the company’s stock valued at $422,000 after buying an additional 630 shares during the period. Capital Advisory Group Advisory Services LLC lifted its holdings in shares of abrdn Physical Gold Shares ETF by 0.7% in the 1st quarter. Capital Advisory Group Advisory Services LLC now owns 90,287 shares of the company’s stock valued at $2,692,000 after buying an additional 665 shares during the period. Consolidated Portfolio Review Corp lifted its holdings in shares of abrdn Physical Gold Shares ETF by 6.4% in the 1st quarter. Consolidated Portfolio Review Corp now owns 11,700 shares of the company’s stock valued at $349,000 after buying an additional 700 shares during the period. Finally, Sowell Financial Services LLC raised its position in abrdn Physical Gold Shares ETF by 1.2% during the second quarter. Sowell Financial Services LLC now owns 71,029 shares of the company’s stock valued at $2,240,000 after acquiring an additional 809 shares in the last quarter.

abrdn Physical Gold Shares ETF Trading Up 0.8%

Shares of SGOL stock opened at $37.04 on Friday. The stock has a 50 day moving average of $33.62 and a 200 day moving average of $32.07. abrdn Physical Gold Shares ETF has a twelve month low of $24.41 and a twelve month high of $37.15.

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.