Envestnet Asset Management Inc. Reduces Stock Holdings in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL)

Envestnet Asset Management Inc. lowered its position in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 6.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,010,764 shares of the company’s stock after selling 65,020 shares during the period. Envestnet Asset Management Inc. owned approximately 0.63% of abrdn Physical Gold Shares ETF worth $30,141,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Main Street Group LTD bought a new position in shares of abrdn Physical Gold Shares ETF during the 4th quarter worth $30,000. Transcend Capital Advisors LLC purchased a new stake in abrdn Physical Gold Shares ETF during the first quarter worth $201,000. Patron Partners LLC bought a new stake in abrdn Physical Gold Shares ETF during the 1st quarter valued at $208,000. Elevated Capital Advisors LLC purchased a new position in shares of abrdn Physical Gold Shares ETF in the 1st quarter valued at $217,000. Finally, Collective Family Office LLC purchased a new position in abrdn Physical Gold Shares ETF in the first quarter valued at about $218,000.

abrdn Physical Gold Shares ETF Trading Down 0.4%

Shares of abrdn Physical Gold Shares ETF stock opened at $31.89 on Tuesday. The company has a 50-day simple moving average of $31.73 and a two-hundred day simple moving average of $29.40. abrdn Physical Gold Shares ETF has a one year low of $22.47 and a one 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.