Mirae Asset Global Investments Co. Ltd. Lowers Holdings in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL)

Mirae Asset Global Investments Co. Ltd. lowered its position in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 3.5% in the fourth quarter, Holdings Channel reports. The fund owned 210,600 shares of the company’s stock after selling 7,700 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in abrdn Physical Gold Shares ETF were worth $4,157,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in SGOL. Stratos Wealth Partners LTD. lifted its position in shares of abrdn Physical Gold Shares ETF by 4.6% during the 4th quarter. Stratos Wealth Partners LTD. now owns 31,811 shares of the company’s stock worth $628,000 after buying an additional 1,405 shares during the last quarter. Allworth Financial LP purchased a new stake in shares of abrdn Physical Gold Shares ETF during the 4th quarter worth approximately $150,000. Sowell Financial Services LLC purchased a new stake in shares of abrdn Physical Gold Shares ETF during the 4th quarter worth approximately $1,646,000. International Assets Investment Management LLC purchased a new stake in shares of abrdn Physical Gold Shares ETF during the 4th quarter worth approximately $769,000. Finally, China Universal Asset Management Co. Ltd. lifted its position in shares of abrdn Physical Gold Shares ETF by 3.8% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 135,000 shares of the company’s stock worth $2,665,000 after buying an additional 5,000 shares during the last quarter.

abrdn Physical Gold Shares ETF Stock Performance

Shares of NYSEARCA:SGOL opened at $22.81 on Tuesday. abrdn Physical Gold Shares ETF has a twelve month low of $17.35 and a twelve month high of $23.24. The firm has a 50 day simple moving average of $20.54 and a 200-day simple moving average of $19.58.

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.