Worth Asset Management LLC Lowers Stock Position in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL)

Worth Asset Management LLC reduced its stake in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 13.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 61,591 shares of the company’s stock after selling 9,575 shares during the quarter. Worth Asset Management LLC’s holdings in abrdn Physical Gold Shares ETF were worth $1,543,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Quadrature Capital Ltd acquired a new stake in shares of abrdn Physical Gold Shares ETF in the third quarter valued at $35,703,000. Metis Global Partners LLC grew its position in abrdn Physical Gold Shares ETF by 34.6% in the 3rd quarter. Metis Global Partners LLC now owns 4,657,799 shares of the company’s stock valued at $117,050,000 after acquiring an additional 1,197,086 shares in the last quarter. Pure Portfolios Holdings LLC acquired a new position in abrdn Physical Gold Shares ETF in the 3rd quarter valued at about $25,415,000. Bank of Montreal Can purchased a new stake in abrdn Physical Gold Shares ETF during the third quarter worth about $20,710,000. Finally, JPMorgan Chase & Co. lifted its position in shares of abrdn Physical Gold Shares ETF by 393.3% during the third quarter. JPMorgan Chase & Co. now owns 885,680 shares of the company’s stock worth $22,257,000 after purchasing an additional 706,134 shares in the last quarter.

abrdn Physical Gold Shares ETF Price Performance

abrdn Physical Gold Shares ETF stock traded up $0.07 during mid-day trading on Wednesday, reaching $25.37. 3,402,768 shares of the company’s stock were exchanged, compared to its average volume of 4,112,845. abrdn Physical Gold Shares ETF has a twelve month low of $18.97 and a twelve month high of $26.65. The company has a fifty day moving average of $25.28 and a 200-day moving average of $24.47.

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.