Inspire Advisors LLC Trims Position in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL)

Inspire Advisors LLC lessened its stake in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 28.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 161,395 shares of the company’s stock after selling 63,355 shares during the period. abrdn Physical Gold Shares ETF accounts for approximately 0.5% of Inspire Advisors LLC’s portfolio, making the stock its 20th biggest position. Inspire Advisors LLC’s holdings in abrdn Physical Gold Shares ETF were worth $4,043,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Blue Bell Private Wealth Management LLC raised its holdings in abrdn Physical Gold Shares ETF by 0.6% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 60,661 shares of the company’s stock valued at $1,520,000 after buying an additional 370 shares during the period. Mutual Advisors LLC raised its holdings in abrdn Physical Gold Shares ETF by 0.9% in 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 during the period. True North Advisors LLC raised its holdings in abrdn Physical Gold Shares ETF by 0.6% in the 4th quarter. True North Advisors LLC now owns 91,932 shares of the company’s stock valued at $2,303,000 after buying an additional 575 shares during the period. Beaumont Financial Advisors LLC raised its holdings in abrdn Physical Gold Shares ETF by 3.7% in the 4th quarter. Beaumont Financial Advisors LLC now owns 17,025 shares of the company’s stock valued at $426,000 after buying an additional 600 shares during the period. Finally, FMR LLC raised its holdings in abrdn Physical Gold Shares ETF by 18.1% in the 3rd quarter. FMR LLC now owns 4,250 shares of the company’s stock valued at $107,000 after buying an additional 652 shares during the period.

abrdn Physical Gold Shares ETF Stock Performance

Shares of SGOL opened at $27.52 on Tuesday. abrdn Physical Gold Shares ETF has a 12-month low of $20.55 and a 12-month high of $28.17. The company’s 50-day moving average price is $26.71 and its 200 day moving average price is $25.67.

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.