GM Advisory Group LLC Decreases Stake in abrdn Physical Gold Shares ETF $SGOL

GM Advisory Group LLC lessened its holdings in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 59.8% in the second quarter, Holdings Channel reports. The firm owned 8,379 shares of the company’s stock after selling 12,473 shares during the period. GM Advisory Group LLC’s holdings in abrdn Physical Gold Shares ETF were worth $264,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Metis Global Partners LLC grew its stake in abrdn Physical Gold Shares ETF by 18.1% during the second quarter. Metis Global Partners LLC now owns 5,373,804 shares of the company’s stock worth $169,490,000 after buying an additional 824,735 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of abrdn Physical Gold Shares ETF by 1.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,507,293 shares of the company’s stock valued at $142,160,000 after acquiring an additional 83,776 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of abrdn Physical Gold Shares ETF by 4.7% during the 1st quarter. LPL Financial LLC now owns 1,432,048 shares of the company’s stock valued at $42,704,000 after acquiring an additional 64,015 shares in the last quarter. Ethos Financial Group LLC boosted its position in abrdn Physical Gold Shares ETF by 11.3% during the 2nd quarter. Ethos Financial Group LLC now owns 954,086 shares of the company’s stock worth $30,091,000 after purchasing an additional 97,067 shares during the period. Finally, Almanack Investment Partners LLC. increased its holdings in abrdn Physical Gold Shares ETF by 4.6% in the 2nd quarter. Almanack Investment Partners LLC. now owns 793,755 shares of the company’s stock valued at $25,035,000 after purchasing an additional 34,761 shares in the last quarter.

abrdn Physical Gold Shares ETF Price Performance

NYSEARCA:SGOL opened at $39.69 on Friday. The business’s 50-day moving average is $38.31 and its two-hundred day moving average is $34.35. abrdn Physical Gold Shares ETF has a 12 month low of $24.69 and a 12 month high of $41.77.

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.