Channing Global Advisors LLC Reduces Stock Holdings in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL)

Channing Global Advisors LLC lowered its stake in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 17.8% during the 4th quarter, Holdings Channel reports. 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 comprises about 1.4% of Channing Global Advisors LLC’s holdings, making the stock its 21st biggest position. Channing Global Advisors LLC’s holdings in abrdn Physical Gold Shares ETF were worth $2,049,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Sanctuary Advisors LLC purchased a new position in shares of abrdn Physical Gold Shares ETF during the 2nd quarter valued at about $240,000. Exchange Traded Concepts LLC purchased a new position in shares of abrdn Physical Gold Shares ETF during the 3rd quarter valued at about $47,000. Aspect Partners LLC lifted its position in shares of abrdn Physical Gold Shares ETF by 30.8% during the 3rd quarter. Aspect Partners LLC now owns 95,415 shares of the company’s stock valued at $2,398,000 after buying an additional 22,470 shares in the last quarter. ERn Financial LLC purchased a new position in abrdn Physical Gold Shares ETF in the 3rd quarter worth approximately $213,000. Finally, SeaCrest Wealth Management LLC purchased a new position in abrdn Physical Gold Shares ETF in the 3rd quarter worth approximately $202,000.

abrdn Physical Gold Shares ETF Price Performance

NYSEARCA SGOL opened at $27.65 on Wednesday. The stock’s 50 day moving average is $25.78 and its 200 day moving average is $25.11. abrdn Physical Gold Shares ETF has a 12 month low of $18.97 and a 12 month high of $27.79.

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.