Freedom Investment Management Inc. trimmed its holdings in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL – Free Report) by 10.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 406,217 shares of the company’s stock after selling 49,612 shares during the period. abrdn Physical Gold Shares ETF comprises about 1.0% of Freedom Investment Management Inc.’s portfolio, making the stock its 14th largest holding. Freedom Investment Management Inc.’s holdings in abrdn Physical Gold Shares ETF were worth $12,812,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Flagship Harbor Advisors LLC purchased a new stake in abrdn Physical Gold Shares ETF during the first quarter valued at about $291,000. Oppenheimer & Co. Inc. purchased a new stake in abrdn Physical Gold Shares ETF during the first quarter valued at about $230,000. Ameritas Advisory Services LLC purchased a new stake in abrdn Physical Gold Shares ETF during the second quarter valued at about $28,000. M&T Bank Corp purchased a new stake in abrdn Physical Gold Shares ETF during the first quarter valued at about $206,000. Finally, Farther Finance Advisors LLC boosted its position in abrdn Physical Gold Shares ETF by 74.4% during the second 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 Stock Performance
NYSEARCA SGOL opened at $39.10 on Thursday. The company has a 50-day simple moving average of $35.52 and a two-hundred day simple moving average of $32.95. abrdn Physical Gold Shares ETF has a 12-month low of $24.41 and a 12-month high of $41.77.
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.
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