abrdn Physical Gold Shares ETF $SGOL Shares Sold by Financial Advocates Investment Management

Financial Advocates Investment Management trimmed its stake in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 4.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,607 shares of the company’s stock after selling 2,032 shares during the period. Financial Advocates Investment Management’s holdings in abrdn Physical Gold Shares ETF were worth $1,249,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of SGOL. Metis Global Partners LLC boosted its stake in shares of abrdn Physical Gold Shares ETF by 18.1% in the second quarter. Metis Global Partners LLC now owns 5,373,804 shares of the company’s stock worth $169,490,000 after acquiring an additional 824,735 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in abrdn Physical Gold Shares ETF by 1.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,507,293 shares of the company’s stock valued at $142,160,000 after purchasing an additional 83,776 shares in the last quarter. LPL Financial LLC boosted its stake in abrdn Physical Gold Shares ETF by 4.7% during the 1st quarter. LPL Financial LLC now owns 1,432,048 shares of the company’s stock worth $42,704,000 after purchasing an additional 64,015 shares during the last quarter. Ethos Financial Group LLC grew its holdings in shares of abrdn Physical Gold Shares ETF by 11.3% during the second quarter. Ethos Financial Group LLC now owns 954,086 shares of the company’s stock worth $30,091,000 after buying an additional 97,067 shares in the last quarter. Finally, Almanack Investment Partners LLC. raised its position in shares of 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 valued at $25,035,000 after buying an additional 34,761 shares during the last quarter.

abrdn Physical Gold Shares ETF Price Performance

NYSEARCA:SGOL opened at $39.38 on Wednesday. abrdn Physical Gold Shares ETF has a twelve month low of $24.69 and a twelve month high of $41.77. The company’s 50-day moving average price is $38.12 and its 200-day moving average price is $34.27.

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.