Valmark Advisers Inc. Grows Position in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL)

Valmark Advisers Inc. grew its stake in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 39.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,910 shares of the company’s stock after buying an additional 3,650 shares during the quarter. Valmark Advisers Inc.’s holdings in abrdn Physical Gold Shares ETF were worth $323,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Exchange Traded Concepts LLC purchased a new position in abrdn Physical Gold Shares ETF during the third quarter valued at approximately $47,000. FMR LLC raised its holdings in abrdn Physical Gold Shares ETF by 18.1% during the third quarter. FMR LLC now owns 4,250 shares of the company’s stock valued at $107,000 after acquiring an additional 652 shares during the period. Allworth Financial LP boosted its stake in shares of abrdn Physical Gold Shares ETF by 33.3% in the third quarter. Allworth Financial LP now owns 7,418 shares of the company’s stock worth $186,000 after acquiring an additional 1,853 shares during the period. Darwin Wealth Management LLC purchased a new stake in shares of abrdn Physical Gold Shares ETF during the third quarter worth about $213,000. Finally, Hudock Inc. bought a new stake in abrdn Physical Gold Shares ETF during the 3rd quarter valued at approximately $216,000.

abrdn Physical Gold Shares ETF Stock Up 1.6 %

Shares of SGOL opened at $27.99 on Wednesday. abrdn Physical Gold Shares ETF has a 1 year low of $19.31 and a 1 year high of $28.03. The company has a 50 day simple moving average of $26.02 and a two-hundred day simple moving average of $25.27.

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.