International Assets Investment Management LLC Makes New Investment in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL)

International Assets Investment Management LLC acquired a new stake in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 38,947 shares of the company’s stock, valued at approximately $769,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Metis Global Partners LLC lifted its holdings in abrdn Physical Gold Shares ETF by 2.3% during the third quarter. Metis Global Partners LLC now owns 2,861,481 shares of the company’s stock valued at $50,620,000 after purchasing an additional 65,387 shares in the last quarter. HighTower Advisors LLC raised its holdings in abrdn Physical Gold Shares ETF by 0.3% during the third quarter. HighTower Advisors LLC now owns 2,464,834 shares of the company’s stock valued at $43,598,000 after acquiring an additional 6,460 shares during the period. UBS Group AG lifted its position in shares of abrdn Physical Gold Shares ETF by 1.6% in the third quarter. UBS Group AG now owns 1,585,849 shares of the company’s stock valued at $28,054,000 after acquiring an additional 25,403 shares in the last quarter. LPL Financial LLC boosted its stake in shares of abrdn Physical Gold Shares ETF by 6.4% in the third quarter. LPL Financial LLC now owns 818,503 shares of the company’s stock worth $14,479,000 after acquiring an additional 49,332 shares during the period. Finally, Towneley Capital Management Inc DE purchased a new stake in shares of abrdn Physical Gold Shares ETF during the fourth quarter worth about $15,896,000.

abrdn Physical Gold Shares ETF Price Performance

NYSEARCA SGOL opened at $22.20 on Wednesday. abrdn Physical Gold Shares ETF has a 12 month low of $17.35 and a 12 month high of $23.24. The stock’s 50 day moving average is $20.93 and its 200 day moving average is $19.79.

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.