abrdn Physical Gold Shares ETF $SGOL Stock: Avestar Capital LLC Increases Holdings

Avestar Capital LLC raised its holdings in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 7.8% in the third quarter, Holdings Channel.com reports. The firm owned 260,361 shares of the company’s stock after buying an additional 18,849 shares during the period. abrdn Physical Gold Shares ETF comprises 0.8% of Avestar Capital LLC’s portfolio, making the stock its 25th largest holding. Avestar Capital LLC’s holdings in abrdn Physical Gold Shares ETF were worth $10,300,000 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 company. Waverly Advisors LLC boosted its holdings in shares of abrdn Physical Gold Shares ETF by 1.3% in the second quarter. Waverly Advisors LLC now owns 966,282 shares of the company’s stock worth $36,941,000 after buying an additional 12,554 shares during the period. Kestra Advisory Services LLC lifted its position in abrdn Physical Gold Shares ETF by 28.2% in the first quarter. Kestra Advisory Services LLC now owns 692,666 shares of the company’s stock worth $30,907,000 after purchasing an additional 152,348 shares during the period. Stephens Inc. AR lifted its stake in abrdn Physical Gold Shares ETF by 555.5% during the first quarter. Stephens Inc. AR now owns 46,540 shares of the company’s stock worth $2,077,000 after purchasing an additional 39,440 shares during the period. Scarborough Advisors LLC raised its holdings in shares of abrdn Physical Gold Shares ETF by 26,775.3% in the 1st quarter. Scarborough Advisors LLC now owns 24,994 shares of the company’s stock worth $1,115,000 after buying an additional 24,901 shares in the last quarter. Finally, Stonebridge Financial Group LLC grew its stake in abrdn Physical Gold Shares ETF by 6.7% during the third quarter. Stonebridge Financial Group LLC now owns 430,410 shares of the company’s stock worth $17,027,000 after buying an additional 26,939 shares during the last quarter.

abrdn Physical Gold Shares ETF Trading Down 3.4%

SGOL opened at $36.95 on Friday. The firm’s fifty day moving average is $40.55 and its two-hundred day moving average is $42.84. abrdn Physical Gold Shares ETF has a twelve month low of $36.83 and a twelve month high of $52.84.

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.