abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) Position Boosted by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. boosted its position in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 20.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,537 shares of the company’s stock after buying an additional 9,307 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in abrdn Physical Gold Shares ETF were worth $1,391,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Proficio Capital Partners LLC increased its holdings in shares of abrdn Physical Gold Shares ETF by 2,405.0% in the 4th quarter. Proficio Capital Partners LLC now owns 3,016,596 shares of the company’s stock valued at $75,566,000 after acquiring an additional 2,896,173 shares during the last quarter. Quadrature Capital Ltd bought a new stake in abrdn Physical Gold Shares ETF during the third quarter valued at $35,703,000. Bank of Montreal Can acquired a new stake in shares of abrdn Physical Gold Shares ETF during the third quarter worth $20,710,000. JPMorgan Chase & Co. lifted its position in shares of abrdn Physical Gold Shares ETF by 393.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 885,680 shares of the company’s stock worth $22,257,000 after buying an additional 706,134 shares during the last quarter. Finally, Stonebridge Financial Group LLC acquired a new position in shares of abrdn Physical Gold Shares ETF in the 4th quarter valued at about $11,128,000.

abrdn Physical Gold Shares ETF Trading Down 0.8 %

SGOL opened at $28.81 on Friday. The company’s 50-day moving average price is $27.36 and its 200 day moving average price is $25.96. abrdn Physical Gold Shares ETF has a fifty-two week low of $20.62 and a fifty-two week high of $29.13.

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.