Franklin Resources Inc. Raises Holdings in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL)

Franklin Resources Inc. increased its position in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 1.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 262,379 shares of the company’s stock after buying an additional 4,382 shares during the period. Franklin Resources Inc. owned 0.19% of abrdn Physical Gold Shares ETF worth $6,646,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SGOL. Metis Global Partners LLC grew its stake in shares of abrdn Physical Gold Shares ETF by 34.6% in the 3rd quarter. Metis Global Partners LLC now owns 4,657,799 shares of the company’s stock worth $117,050,000 after buying an additional 1,197,086 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of abrdn Physical Gold Shares ETF in the 3rd quarter valued at about $35,703,000. Envestnet Asset Management Inc. grew its position in abrdn Physical Gold Shares ETF by 3.1% in the second quarter. Envestnet Asset Management Inc. now owns 1,298,524 shares of the company’s stock worth $28,853,000 after acquiring an additional 38,433 shares in the last quarter. Pure Portfolios Holdings LLC bought a new stake in abrdn Physical Gold Shares ETF during the third quarter worth approximately $25,415,000. Finally, Bank of Montreal Can purchased a new stake in abrdn Physical Gold Shares ETF during the third quarter valued at approximately $20,710,000.

abrdn Physical Gold Shares ETF Trading Up 1.1 %

Shares of abrdn Physical Gold Shares ETF stock opened at $25.05 on Monday. The stock has a 50 day moving average price of $25.48 and a 200-day moving average price of $24.22. abrdn Physical Gold Shares ETF has a one year low of $18.97 and a one year high of $26.65.

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.