Lifeworks Advisors LLC Reduces Holdings in abrdn Physical Gold Shares ETF $SGOL

Lifeworks Advisors LLC decreased its position in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 63.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 21,204 shares of the company’s stock after selling 37,039 shares during the quarter. Lifeworks Advisors LLC’s holdings in abrdn Physical Gold Shares ETF were worth $946,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Independent Wealth Network Inc. boosted its position in abrdn Physical Gold Shares ETF by 3.0% during the first quarter. Independent Wealth Network Inc. now owns 7,678 shares of the company’s stock worth $343,000 after purchasing an additional 221 shares during the period. Sachetta LLC lifted its stake in shares of abrdn Physical Gold Shares ETF by 8.2% during the 1st quarter. Sachetta LLC now owns 3,165 shares of the company’s stock valued at $141,000 after buying an additional 240 shares in the last quarter. Xcel Wealth Management LLC boosted its holdings in abrdn Physical Gold Shares ETF by 0.6% in the 1st quarter. Xcel Wealth Management LLC now owns 55,835 shares of the company’s stock worth $2,491,000 after buying an additional 306 shares during the period. Barnes Wealth Management Group Inc grew its stake in abrdn Physical Gold Shares ETF by 4.1% in the 3rd quarter. Barnes Wealth Management Group Inc now owns 9,876 shares of the company’s stock valued at $364,000 after buying an additional 390 shares in the last quarter. Finally, Sound Income Strategies LLC raised its holdings in abrdn Physical Gold Shares ETF by 97.9% during the 1st quarter. Sound Income Strategies LLC now owns 831 shares of the company’s stock valued at $38,000 after acquiring an additional 411 shares during the period.

abrdn Physical Gold Shares ETF Stock Performance

NYSEARCA:SGOL opened at $38.10 on Tuesday. abrdn Physical Gold Shares ETF has a 1 year low of $31.16 and a 1 year high of $52.84. The stock’s fifty day moving average price is $41.34 and its two-hundred day moving average price is $44.18.

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.