Orion Portfolio Solutions LLC Reduces Position in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL)

Orion Portfolio Solutions LLC reduced its holdings in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 4.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,822 shares of the company’s stock after selling 423 shares during the period. Orion Portfolio Solutions LLC’s holdings in abrdn Physical Gold Shares ETF were worth $221,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ervin Investment Management LLC boosted its stake in abrdn Physical Gold Shares ETF by 30.5% during the fourth quarter. Ervin Investment Management LLC now owns 102,385 shares of the company’s stock worth $2,565,000 after buying an additional 23,910 shares during the last quarter. 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 acquiring an additional 652 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of abrdn Physical Gold Shares ETF by 393.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 885,680 shares of the company’s stock valued at $22,257,000 after acquiring an additional 706,134 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in shares of abrdn Physical Gold Shares ETF by 15.5% in the fourth quarter. Sanctuary Advisors LLC now owns 11,348 shares of the company’s stock valued at $303,000 after purchasing an additional 1,526 shares during the period. Finally, Wealthfront Advisers LLC acquired a new stake in abrdn Physical Gold Shares ETF during the fourth quarter worth about $207,000.

abrdn Physical Gold Shares ETF Stock Up 2.5 %

Shares of SGOL stock opened at $30.26 on Friday. The firm’s 50-day moving average is $28.34 and its two-hundred day moving average is $26.50. abrdn Physical Gold Shares ETF has a 12 month low of $21.76 and a 12 month high of $30.31.

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.