Sowell Financial Services LLC Sells 38,986 Shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL)

Sowell Financial Services LLC lowered its stake in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 35.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 71,123 shares of the company’s stock after selling 38,986 shares during the period. Sowell Financial Services LLC owned approximately 0.05% of abrdn Physical Gold Shares ETF worth $1,782,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Ervin Investment Management LLC raised its stake in abrdn Physical Gold Shares ETF by 30.5% during the 4th quarter. Ervin Investment Management LLC now owns 102,385 shares of the company’s stock worth $2,565,000 after buying an additional 23,910 shares during the period. FMR LLC increased its holdings in shares of abrdn Physical Gold Shares ETF by 18.1% in the third quarter. FMR LLC now owns 4,250 shares of the company’s stock worth $107,000 after acquiring an additional 652 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of abrdn Physical Gold Shares ETF by 393.3% during the third quarter. JPMorgan Chase & Co. now owns 885,680 shares of the company’s stock worth $22,257,000 after purchasing an additional 706,134 shares during the period. Sanctuary Advisors LLC lifted its holdings in shares of abrdn Physical Gold Shares ETF by 15.5% during the 4th quarter. Sanctuary Advisors LLC now owns 11,348 shares of the company’s stock valued at $303,000 after purchasing an additional 1,526 shares in the last quarter. Finally, Arete Wealth Advisors LLC grew its position in shares of abrdn Physical Gold Shares ETF by 9.1% in the 3rd quarter. Arete Wealth Advisors LLC now owns 16,658 shares of the company’s stock valued at $418,000 after purchasing an additional 1,393 shares during the period.

abrdn Physical Gold Shares ETF Stock Performance

Shares of SGOL stock opened at $27.52 on Tuesday. abrdn Physical Gold Shares ETF has a 52 week low of $20.55 and a 52 week high of $28.17. The company’s 50 day moving average price is $26.71 and its two-hundred day moving average price is $25.67.

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.