Envestnet Asset Management Inc. Sells 21,784 Shares of abrdn Physical Gold Shares ETF $SGOL

Envestnet Asset Management Inc. lessened its stake in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 2.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 988,980 shares of the company’s stock after selling 21,784 shares during the period. Envestnet Asset Management Inc. owned 0.60% of abrdn Physical Gold Shares ETF worth $31,192,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Crewe Advisors LLC purchased a new stake in shares of abrdn Physical Gold Shares ETF during the 2nd quarter worth approximately $27,000. Ameritas Advisory Services LLC purchased a new stake in abrdn Physical Gold Shares ETF in the second quarter worth $28,000. UMB Bank n.a. purchased a new stake in abrdn Physical Gold Shares ETF in the second quarter worth $41,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in abrdn Physical Gold Shares ETF by 217.4% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,825 shares of the company’s stock worth $58,000 after purchasing an additional 1,250 shares during the period. Finally, Main Street Group LTD increased its stake in abrdn Physical Gold Shares ETF by 96.2% in the second quarter. Main Street Group LTD now owns 2,345 shares of the company’s stock worth $74,000 after purchasing an additional 1,150 shares during the period.

abrdn Physical Gold Shares ETF Price Performance

SGOL opened at $38.13 on Monday. abrdn Physical Gold Shares ETF has a 12-month low of $24.41 and a 12-month high of $41.77. The business’s fifty day simple moving average is $36.43 and its 200-day simple moving average is $33.43.

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.