Channing Global Advisors LLC Raises Stake in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL)

Channing Global Advisors LLC grew its holdings in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 8.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 99,470 shares of the company’s stock after acquiring an additional 7,964 shares during the quarter. abrdn Physical Gold Shares ETF comprises 2.1% of Channing Global Advisors LLC’s investment portfolio, making the stock its 17th largest holding. Channing Global Advisors LLC’s holdings in abrdn Physical Gold Shares ETF were worth $2,500,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Metis Global Partners LLC increased its stake in abrdn Physical Gold Shares ETF by 34.6% in the 3rd quarter. Metis Global Partners LLC now owns 4,657,799 shares of the company’s stock valued at $117,050,000 after buying an additional 1,197,086 shares during the period. Pure Portfolios Holdings LLC acquired a new position in shares of abrdn Physical Gold Shares ETF during the third quarter worth about $25,415,000. Bank of Montreal Can purchased a new position in abrdn Physical Gold Shares ETF during the third quarter worth about $20,710,000. Empowered Funds LLC lifted its position in abrdn Physical Gold Shares ETF by 213.9% in the third quarter. Empowered Funds LLC now owns 633,273 shares of the company’s stock valued at $15,914,000 after purchasing an additional 431,540 shares during the period. Finally, Liquid Strategies LLC purchased a new stake in abrdn Physical Gold Shares ETF in the 2nd quarter valued at approximately $7,263,000.

abrdn Physical Gold Shares ETF Trading Up 0.2 %

NYSEARCA SGOL opened at $25.17 on Friday. The business’s 50 day moving average is $25.48 and its two-hundred day moving average is $23.90. abrdn Physical Gold Shares ETF has a 12-month low of $18.90 and a 12-month high of $26.65.

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.