Stonebridge Financial Group LLC Acquires Shares of 444,242 abrdn Physical Gold Shares ETF (NYSEARCA:SGOL)

Stonebridge Financial Group LLC acquired a new position in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) in the 4th quarter, Holdings Channel reports. The firm acquired 444,242 shares of the company’s stock, valued at approximately $11,128,000. abrdn Physical Gold Shares ETF accounts for approximately 1.2% of Stonebridge Financial Group LLC’s investment portfolio, making the stock its 24th largest position.

Several other institutional investors and hedge funds have also recently modified their holdings of SGOL. Mutual Advisors LLC raised its holdings in abrdn Physical Gold Shares ETF by 0.9% in the fourth quarter. Mutual Advisors LLC now owns 62,389 shares of the company’s stock worth $1,617,000 after purchasing an additional 554 shares in the last quarter. True North Advisors LLC grew its position in shares of 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 worth $2,303,000 after buying an additional 575 shares during the period. Beaumont Financial Advisors LLC increased its stake in shares of 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 worth $426,000 after acquiring an additional 600 shares in the last quarter. FMR LLC lifted its position in abrdn Physical Gold Shares ETF by 18.1% during the 3rd 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. Finally, Sigma Planning Corp boosted its stake in abrdn Physical Gold Shares ETF by 3.1% during the third quarter. Sigma Planning Corp now owns 21,996 shares of the company’s stock worth $553,000 after acquiring an additional 669 shares in the last quarter.

abrdn Physical Gold Shares ETF Trading Up 1.6 %

SGOL stock opened at $27.75 on Tuesday. The firm has a 50 day moving average price of $25.73 and a 200-day moving average price of $25.08. abrdn Physical Gold Shares ETF has a 52-week low of $18.97 and a 52-week high of $27.79.

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.