Guardian Point Capital LP Makes New Investment in abrdn Physical Gold Shares ETF $SGOL

Guardian Point Capital LP purchased a new position in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 750,000 shares of the company’s stock, valued at approximately $22,365,000. abrdn Physical Gold Shares ETF makes up approximately 13.5% of Guardian Point Capital LP’s investment portfolio, making the stock its 4th biggest holding. Guardian Point Capital LP owned about 0.46% of abrdn Physical Gold Shares ETF as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Main Street Group LTD purchased a new stake in abrdn Physical Gold Shares ETF in the 4th quarter worth $30,000. Costello Asset Management INC purchased a new stake in abrdn Physical Gold Shares ETF in the 1st quarter worth $75,000. Transcend Capital Advisors LLC purchased a new stake in abrdn Physical Gold Shares ETF in the 1st quarter worth $201,000. M&T Bank Corp purchased a new stake in abrdn Physical Gold Shares ETF in the 1st quarter worth $206,000. Finally, Patron Partners LLC purchased a new stake in shares of abrdn Physical Gold Shares ETF during the 1st quarter valued at about $208,000.

abrdn Physical Gold Shares ETF Stock Performance

Shares of NYSEARCA SGOL opened at $32.94 on Friday. The firm’s 50-day moving average price is $31.95 and its 200-day moving average price is $30.79. abrdn Physical Gold Shares ETF has a 12-month low of $23.63 and a 12-month high of $32.94.

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.