Savvy Advisors Inc. Has $10.77 Million Holdings in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL)

Savvy Advisors Inc. raised its position in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 646.3% during the fourth quarter, Holdings Channel reports. The firm owned 429,816 shares of the company’s stock after purchasing an additional 372,223 shares during the period. abrdn Physical Gold Shares ETF comprises 1.3% of Savvy Advisors Inc.’s portfolio, making the stock its 14th largest holding. Savvy Advisors Inc.’s holdings in abrdn Physical Gold Shares ETF were worth $10,767,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. FMR LLC boosted its position in shares of 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 purchasing an additional 652 shares in the last quarter. Orion Portfolio Solutions LLC bought a new position in shares of abrdn Physical Gold Shares ETF during the 3rd quarter worth approximately $232,000. MML Investors Services LLC grew its position in shares of abrdn Physical Gold Shares ETF by 23.0% during the 3rd quarter. MML Investors Services LLC now owns 84,628 shares of the company’s stock worth $2,127,000 after buying an additional 15,800 shares during the period. Synovus Financial Corp increased its stake in shares of abrdn Physical Gold Shares ETF by 93.1% in the 3rd quarter. Synovus Financial Corp now owns 207,388 shares of the company’s stock valued at $5,212,000 after acquiring an additional 100,000 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of abrdn Physical Gold Shares ETF by 1.7% during the 3rd quarter. Franklin Resources Inc. now owns 262,379 shares of the company’s stock valued at $6,646,000 after acquiring an additional 4,382 shares during the period.

abrdn Physical Gold Shares ETF Stock Performance

NYSEARCA:SGOL opened at $30.82 on Friday. abrdn Physical Gold Shares ETF has a 12 month low of $21.76 and a 12 month high of $30.97. The firm has a fifty day simple moving average of $28.41 and a two-hundred day simple moving average of $26.54.

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.