Lifeworks Advisors LLC Sells 37,039 Shares of abrdn Physical Gold Shares ETF $SGOL

Lifeworks Advisors LLC lowered its stake in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 63.6% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 21,204 shares of the company’s stock after selling 37,039 shares during the period. Lifeworks Advisors LLC’s holdings in abrdn Physical Gold Shares ETF were worth $946,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Jain Global LLC bought a new stake in shares of abrdn Physical Gold Shares ETF during the 4th quarter worth $26,465,000. E Fund Management Co. Ltd. increased its stake in abrdn Physical Gold Shares ETF by 530.3% in the second quarter. E Fund Management Co. Ltd. now owns 753,291 shares of the company’s stock valued at $23,759,000 after acquiring an additional 633,786 shares during the last quarter. LPL Financial LLC raised its position in abrdn Physical Gold Shares ETF by 17.1% during the fourth quarter. LPL Financial LLC now owns 2,059,659 shares of the company’s stock valued at $84,611,000 after purchasing an additional 300,746 shares in the last quarter. Fulcrum Wealth Advisors LLC purchased a new stake in abrdn Physical Gold Shares ETF during the fourth quarter valued at about $11,600,000. Finally, MML Investors Services LLC lifted its stake in abrdn Physical Gold Shares ETF by 149.5% during the second quarter. MML Investors Services LLC now owns 443,846 shares of the company’s stock worth $13,999,000 after purchasing an additional 265,946 shares during the last quarter.

abrdn Physical Gold Shares ETF Stock Down 2.6%

Shares of SGOL stock opened at $38.10 on Tuesday. The business has a 50-day moving average price of $41.34 and a two-hundred day moving average price of $44.18. abrdn Physical Gold Shares ETF has a 12-month low of $31.16 and a 12-month high of $52.84.

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.