abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) Position Lifted by Encompass More Asset Management

Encompass More Asset Management boosted its stake in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 24.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 253,650 shares of the company’s stock after purchasing an additional 49,430 shares during the quarter. abrdn Physical Gold Shares ETF comprises 2.1% of Encompass More Asset Management’s holdings, making the stock its 7th largest holding. Encompass More Asset Management owned 0.18% of abrdn Physical Gold Shares ETF worth $6,354,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Financial Designs Corp increased its position in shares of abrdn Physical Gold Shares ETF by 10.3% during the fourth quarter. Financial Designs Corp now owns 14,468 shares of the company’s stock worth $362,000 after purchasing an additional 1,350 shares in the last quarter. Mutual Advisors LLC increased its position in abrdn Physical Gold Shares ETF by 0.9% during the 4th quarter. Mutual Advisors LLC now owns 62,389 shares of the company’s stock valued at $1,617,000 after buying an additional 554 shares in the last quarter. True North Advisors LLC boosted its holdings in abrdn Physical Gold Shares ETF by 0.6% in the fourth quarter. True North Advisors LLC now owns 91,932 shares of the company’s stock worth $2,303,000 after acquiring an additional 575 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of abrdn Physical Gold Shares ETF by 8.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 19,302 shares of the company’s stock worth $484,000 after acquiring an additional 1,500 shares during the last quarter. Finally, XML Financial LLC acquired a new position in shares of abrdn Physical Gold Shares ETF during the fourth quarter valued at about $393,000.

abrdn Physical Gold Shares ETF Price Performance

NYSEARCA:SGOL opened at $26.57 on Friday. The company’s 50 day moving average is $25.33 and its two-hundred day moving average is $24.72. abrdn Physical Gold Shares ETF has a twelve month low of $18.97 and a twelve month high of $26.65.

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.