Capital Management Associates Inc Has $10.67 Million Stake in abrdn Physical Gold Shares ETF $SGOL

Capital Management Associates Inc lessened its position in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 1.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 338,375 shares of the company’s stock after selling 5,545 shares during the period. abrdn Physical Gold Shares ETF comprises about 3.4% of Capital Management Associates Inc’s portfolio, making the stock its 10th largest holding. Capital Management Associates Inc’s holdings in abrdn Physical Gold Shares ETF were worth $10,672,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of SGOL. Flagship Harbor Advisors LLC bought a new stake in shares of abrdn Physical Gold Shares ETF during the 1st quarter worth about $291,000. Oppenheimer & Co. Inc. bought a new stake in shares of abrdn Physical Gold Shares ETF during the 1st quarter worth about $230,000. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of abrdn Physical Gold Shares ETF by 85.7% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 103,130 shares of the company’s stock worth $3,075,000 after buying an additional 47,593 shares during the period. M&T Bank Corp bought a new stake in shares of abrdn Physical Gold Shares ETF during the 1st quarter worth about $206,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of abrdn Physical Gold Shares ETF by 74.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 5,965 shares of the company’s stock worth $188,000 after buying an additional 2,545 shares during the period.

abrdn Physical Gold Shares ETF Stock Up 1.6%

Shares of SGOL stock opened at $38.57 on Thursday. The company has a 50-day simple moving average of $34.01 and a 200 day simple moving average of $32.23. abrdn Physical Gold Shares ETF has a 52 week low of $24.41 and a 52 week high of $38.71.

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.