Valmark Advisers Inc. Purchases 3,650 Shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL)

Valmark Advisers Inc. grew its holdings in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 39.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 12,910 shares of the company’s stock after buying an additional 3,650 shares during the period. Valmark Advisers Inc.’s holdings in abrdn Physical Gold Shares ETF were worth $323,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Ervin Investment Management LLC grew its position in abrdn Physical Gold Shares ETF by 30.5% in the 4th quarter. Ervin Investment Management LLC now owns 102,385 shares of the company’s stock valued at $2,565,000 after acquiring an additional 23,910 shares during the last quarter. FMR LLC grew 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 purchasing an additional 652 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of abrdn Physical Gold Shares ETF by 393.3% in 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 last quarter. International Assets Investment Management LLC purchased a new position in abrdn Physical Gold Shares ETF in the 3rd quarter worth about $725,000. Finally, Foundations Investment Advisors LLC lifted its holdings in abrdn Physical Gold Shares ETF by 24.6% during the 3rd quarter. Foundations Investment Advisors LLC now owns 58,823 shares of the company’s stock valued at $1,478,000 after buying an additional 11,601 shares in the last quarter.

abrdn Physical Gold Shares ETF Stock Performance

Shares of SGOL stock opened at $27.99 on Wednesday. The company’s 50-day simple moving average is $26.02 and its two-hundred day simple moving average is $25.27. abrdn Physical Gold Shares ETF has a one year low of $19.31 and a one year high of $28.03.

abrdn Physical Gold Shares ETF Company 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.