Wolff Wiese Magana LLC Trims Stock Holdings in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL)

Wolff Wiese Magana LLC decreased its holdings in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 1.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 82,062 shares of the company’s stock after selling 830 shares during the period. abrdn Physical Gold Shares ETF makes up approximately 1.4% of Wolff Wiese Magana LLC’s portfolio, making the stock its 23rd biggest position. Wolff Wiese Magana LLC’s holdings in abrdn Physical Gold Shares ETF were worth $2,056,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Choreo LLC acquired a new position in abrdn Physical Gold Shares ETF in the second quarter valued at $423,000. Envestnet Asset Management Inc. increased its position in abrdn Physical Gold Shares ETF by 3.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,298,524 shares of the company’s stock worth $28,853,000 after purchasing an additional 38,433 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in shares of abrdn Physical Gold Shares ETF in the second quarter worth $342,000. WCG Wealth Advisors LLC acquired a new position in shares of abrdn Physical Gold Shares ETF during the 2nd quarter valued at $1,885,000. Finally, Greenline Partners LLC acquired a new stake in abrdn Physical Gold Shares ETF in the 2nd quarter valued at $212,000.

abrdn Physical Gold Shares ETF Stock Performance

Shares of SGOL opened at $25.63 on Wednesday. abrdn Physical Gold Shares ETF has a 12 month low of $18.97 and a 12 month high of $26.65. The stock’s 50-day moving average is $25.21 and its two-hundred day moving average is $24.58.

abrdn Physical Gold Shares ETF Company 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.