Stonebridge Financial Group LLC Trims Stake in abrdn Physical Gold Shares ETF $SGOL

Stonebridge Financial Group LLC cut its holdings in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 9.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 391,121 shares of the company’s stock after selling 41,859 shares during the quarter. abrdn Physical Gold Shares ETF accounts for 1.2% of Stonebridge Financial Group LLC’s investment portfolio, making the stock its 23rd largest position. Stonebridge Financial Group LLC owned about 0.24% of abrdn Physical Gold Shares ETF worth $12,336,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SGOL. Flagship Harbor Advisors LLC acquired a new stake in shares of abrdn Physical Gold Shares ETF in the first quarter worth approximately $291,000. Oppenheimer & Co. Inc. purchased a new stake in abrdn Physical Gold Shares ETF in the first quarter valued at $230,000. Envestnet Portfolio Solutions Inc. raised its position in abrdn Physical Gold Shares ETF by 85.7% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 103,130 shares of the company’s stock valued at $3,075,000 after purchasing an additional 47,593 shares during the period. M&T Bank Corp purchased a new stake in abrdn Physical Gold Shares ETF in the first quarter valued at $206,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of abrdn Physical Gold Shares ETF by 74.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 5,965 shares of the company’s stock valued at $188,000 after buying an additional 2,545 shares during the period.

abrdn Physical Gold Shares ETF Trading Down 1.8%

SGOL stock opened at $37.87 on Friday. abrdn Physical Gold Shares ETF has a 12-month low of $24.41 and a 12-month high of $38.71. The business’s fifty day moving average price is $34.14 and its 200 day moving average price is $32.30.

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.