Everstar Asset Management LLC Sells 2,139 Shares of abrdn Physical Gold Shares ETF $SGOL

Everstar Asset Management LLC cut its position in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 24.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,536 shares of the company’s stock after selling 2,139 shares during the quarter. Everstar Asset Management LLC’s holdings in abrdn Physical Gold Shares ETF were worth $206,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SGOL. Metis Global Partners LLC increased its stake in shares of abrdn Physical Gold Shares ETF by 18.1% during the 2nd quarter. Metis Global Partners LLC now owns 5,373,804 shares of the company’s stock worth $169,490,000 after purchasing an additional 824,735 shares during the last quarter. Guardian Point Capital LP acquired a new position in abrdn Physical Gold Shares ETF during the first quarter worth approximately $22,365,000. Quadrature Capital Ltd raised its stake in abrdn Physical Gold Shares ETF by 145.2% in the second quarter. Quadrature Capital Ltd now owns 1,216,015 shares of the company’s stock valued at $38,359,000 after buying an additional 720,140 shares during the period. Global View Capital Management LLC lifted its position in shares of abrdn Physical Gold Shares ETF by 337.5% in the first quarter. Global View Capital Management LLC now owns 454,788 shares of the company’s stock valued at $13,562,000 after buying an additional 350,832 shares during the last quarter. Finally, Cresset Asset Management LLC acquired a new stake in shares of abrdn Physical Gold Shares ETF in the first quarter valued at approximately $3,845,000.

abrdn Physical Gold Shares ETF Price Performance

SGOL stock opened at $40.38 on Tuesday. The business’s 50 day simple moving average is $38.51 and its 200 day simple moving average is $34.53. abrdn Physical Gold Shares ETF has a 1-year low of $24.69 and a 1-year 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.