Channing Global Advisors LLC Sells 17,681 Shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL)

Channing Global Advisors LLC lessened its holdings in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 17.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 81,789 shares of the company’s stock after selling 17,681 shares during the quarter. abrdn Physical Gold Shares ETF makes up 1.4% of Channing Global Advisors LLC’s portfolio, making the stock its 21st biggest position. Channing Global Advisors LLC owned 0.06% of abrdn Physical Gold Shares ETF worth $2,049,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Metis Global Partners LLC raised its holdings in shares of abrdn Physical Gold Shares ETF by 34.6% during the third quarter. Metis Global Partners LLC now owns 4,657,799 shares of the company’s stock valued at $117,050,000 after acquiring an additional 1,197,086 shares in the last quarter. Quadrature Capital Ltd bought a new position in abrdn Physical Gold Shares ETF in the third quarter worth $35,703,000. Pure Portfolios Holdings LLC bought a new position in abrdn Physical Gold Shares ETF in the third quarter worth $25,415,000. JPMorgan Chase & Co. raised its holdings in abrdn Physical Gold Shares ETF by 393.3% in the third quarter. JPMorgan Chase & Co. now owns 885,680 shares of the company’s stock worth $22,257,000 after purchasing an additional 706,134 shares in the last quarter. Finally, Bank of Montreal Can bought a new position in abrdn Physical Gold Shares ETF in the third quarter worth $20,710,000.

abrdn Physical Gold Shares ETF Trading Down 0.4 %

SGOL opened at $27.65 on Wednesday. The stock has a fifty day simple moving average of $25.78 and a two-hundred day simple moving average of $25.11. abrdn Physical Gold Shares ETF has a 12-month low of $18.97 and a 12-month high of $27.79.

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.