Worth Asset Management LLC Reduces Stock Position in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL)

Worth Asset Management LLC reduced its holdings in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 13.5% in the 4th quarter, HoldingsChannel reports. The fund owned 61,591 shares of the company’s stock after selling 9,575 shares during the quarter. Worth Asset Management LLC’s holdings in abrdn Physical Gold Shares ETF were worth $1,543,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Sunbelt Securities Inc. purchased a new position in abrdn Physical Gold Shares ETF in the 2nd quarter valued at $26,000. Exchange Traded Concepts LLC acquired a new stake in abrdn Physical Gold Shares ETF during the 3rd quarter valued at $47,000. FMR LLC increased its position in abrdn Physical Gold Shares ETF by 18.1% during the 3rd quarter. FMR LLC now owns 4,250 shares of the company’s stock worth $107,000 after purchasing an additional 652 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of abrdn Physical Gold Shares ETF during the second quarter worth about $184,000. Finally, Allworth Financial LP raised its holdings in abrdn Physical Gold Shares ETF by 33.3% in the 3rd quarter. Allworth Financial LP now owns 7,418 shares of the company’s stock valued at $186,000 after acquiring an additional 1,853 shares during the last quarter.

abrdn Physical Gold Shares ETF Stock Up 0.3 %

SGOL traded up $0.07 during midday trading on Wednesday, hitting $25.37. The company’s stock had a trading volume of 3,402,768 shares, compared to its average volume of 4,112,845. The firm has a 50-day moving average price of $25.28 and a two-hundred day moving average price of $24.47. abrdn Physical Gold Shares ETF has a 52-week low of $18.97 and a 52-week high of $26.65.

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.