Custom Portfolio Group LLC Has $658,000 Stock Position in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL)

Custom Portfolio Group LLC lessened its stake in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 10.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,802 shares of the company’s stock after selling 3,747 shares during the quarter. abrdn Physical Gold Shares ETF comprises approximately 0.5% of Custom Portfolio Group LLC’s investment portfolio, making the stock its 25th biggest holding. Custom Portfolio Group LLC’s holdings in abrdn Physical Gold Shares ETF were worth $658,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Transform Wealth LLC increased its holdings in shares of abrdn Physical Gold Shares ETF by 36.1% in the second quarter. Transform Wealth LLC now owns 18,840 shares of the company’s stock valued at $419,000 after purchasing an additional 5,000 shares in the last quarter. Ritholtz Wealth Management bought a new stake in shares of abrdn Physical Gold Shares ETF during the second quarter worth $292,000. Cetera Advisor Networks LLC raised its position in shares of abrdn Physical Gold Shares ETF by 6.3% during the fourth quarter. Cetera Advisor Networks LLC now owns 294,236 shares of the company’s stock worth $5,808,000 after acquiring an additional 17,454 shares during the last quarter. Aspect Partners LLC acquired a new position in shares of abrdn Physical Gold Shares ETF during the fourth quarter valued at $1,499,000. Finally, Cetera Advisors LLC boosted its holdings in abrdn Physical Gold Shares ETF by 2.6% in the first quarter. Cetera Advisors LLC now owns 55,993 shares of the company’s stock valued at $1,189,000 after acquiring an additional 1,401 shares during the last quarter.

abrdn Physical Gold Shares ETF Trading Down 0.8 %

Shares of SGOL stock opened at $25.13 on Tuesday. abrdn Physical Gold Shares ETF has a 12 month low of $17.35 and a 12 month high of $25.57. The stock has a 50-day moving average price of $23.91 and a 200 day moving average price of $22.83.

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.