Brookstone Capital Management Cuts Stake in abrdn Physical Gold Shares ETF $SGOL

Brookstone Capital Management reduced its stake in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 7.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,352 shares of the company’s stock after selling 6,551 shares during the period. Brookstone Capital Management owned 0.05% of abrdn Physical Gold Shares ETF worth $2,692,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of SGOL. Guardian Point Capital LP purchased a new position in shares of abrdn Physical Gold Shares ETF during the 1st quarter worth about $22,365,000. Global View Capital Management LLC lifted its holdings in shares of abrdn Physical Gold Shares ETF by 337.5% during the 1st quarter. Global View Capital Management LLC now owns 454,788 shares of the company’s stock worth $13,562,000 after acquiring an additional 350,832 shares during the period. Cresset Asset Management LLC purchased a new position in shares of abrdn Physical Gold Shares ETF during the 1st quarter worth about $3,845,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of abrdn Physical Gold Shares ETF by 41.8% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 426,850 shares of the company’s stock worth $12,545,000 after acquiring an additional 125,750 shares during the period. Finally, E Fund Management Co. Ltd. purchased a new position in shares of abrdn Physical Gold Shares ETF during the 1st quarter worth about $3,564,000.

abrdn Physical Gold Shares ETF Trading Down 0.3%

Shares of SGOL stock opened at $39.11 on Friday. abrdn Physical Gold Shares ETF has a 1-year low of $24.41 and a 1-year high of $41.77. The firm’s 50-day simple moving average is $35.82 and its 200-day simple moving average is $33.10.

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.