abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) Holdings Lifted by Metis Global Partners LLC

Metis Global Partners LLC increased its position in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 15.7% in the 4th quarter, HoldingsChannel reports. The fund owned 3,311,435 shares of the company’s stock after purchasing an additional 449,954 shares during the period. abrdn Physical Gold Shares ETF accounts for about 2.6% of Metis Global Partners LLC’s holdings, making the stock its 5th biggest position. Metis Global Partners LLC’s holdings in abrdn Physical Gold Shares ETF were worth $65,368,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. HighTower Advisors LLC raised its stake in shares of abrdn Physical Gold Shares ETF by 0.3% during the 3rd quarter. HighTower Advisors LLC now owns 2,464,834 shares of the company’s stock valued at $43,598,000 after purchasing an additional 6,460 shares during the period. UBS Group AG lifted its holdings in shares of abrdn Physical Gold Shares ETF by 1.6% in the third quarter. UBS Group AG now owns 1,585,849 shares of the company’s stock worth $28,054,000 after buying an additional 25,403 shares in the last quarter. LPL Financial LLC boosted its position in shares of abrdn Physical Gold Shares ETF by 6.4% in the third quarter. LPL Financial LLC now owns 818,503 shares of the company’s stock valued at $14,479,000 after acquiring an additional 49,332 shares during the period. Towneley Capital Management Inc DE purchased a new position in abrdn Physical Gold Shares ETF during the fourth quarter valued at approximately $15,896,000. Finally, WT Wealth Management increased its holdings in abrdn Physical Gold Shares ETF by 42.4% during the 3rd quarter. WT Wealth Management now owns 763,820 shares of the company’s stock worth $13,512,000 after acquiring an additional 227,599 shares during the period.

abrdn Physical Gold Shares ETF Stock Performance

NYSEARCA SGOL traded down $0.01 on Friday, hitting $22.00. The stock had a trading volume of 4,111,797 shares, compared to its average volume of 3,387,201. The firm has a 50-day moving average of $21.39 and a 200-day moving average of $20.02. abrdn Physical Gold Shares ETF has a 52-week low of $17.35 and a 52-week high of $23.24.

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.