Focus Partners Wealth Reduces Holdings in abrdn Physical Gold Shares ETF $SGOL

Focus Partners Wealth decreased its position in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 1.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 98,243 shares of the company’s stock after selling 1,458 shares during the quarter. Focus Partners Wealth owned approximately 0.06% of abrdn Physical Gold Shares ETF worth $2,930,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in SGOL. Guardian Point Capital LP purchased a new position in shares of abrdn Physical Gold Shares ETF during the first quarter worth about $22,365,000. Global View Capital Management LLC grew its holdings in shares of abrdn Physical Gold Shares ETF by 337.5% during the first quarter. Global View Capital Management LLC now owns 454,788 shares of the company’s stock worth $13,562,000 after purchasing an additional 350,832 shares during the last quarter. Client First Investment Management LLC purchased a new position in shares of abrdn Physical Gold Shares ETF during the first quarter worth about $7,475,000. Cresset Asset Management LLC purchased a new position in shares of abrdn Physical Gold Shares ETF during the first quarter worth about $3,845,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of abrdn Physical Gold Shares ETF by 41.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 426,850 shares of the company’s stock worth $12,545,000 after buying an additional 125,750 shares during the last quarter.

abrdn Physical Gold Shares ETF Price Performance

NYSEARCA SGOL opened at $35.10 on Tuesday. abrdn Physical Gold Shares ETF has a 52-week low of $24.33 and a 52-week high of $35.14. The business’s 50-day moving average price is $32.51 and its 200 day moving average price is $31.33.

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.