WCG Wealth Advisors LLC Takes Position in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL)

WCG Wealth Advisors LLC acquired a new position in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 84,818 shares of the company’s stock, valued at approximately $1,885,000.

Several other hedge funds have also recently bought and sold shares of SGOL. Wells Fargo & Company MN raised its position in shares of abrdn Physical Gold Shares ETF by 5.5% in the fourth quarter. Wells Fargo & Company MN now owns 1,402,416 shares of the company’s stock valued at $27,684,000 after purchasing an additional 73,689 shares during the period. Envestnet Asset Management Inc. raised its holdings in abrdn Physical Gold Shares ETF by 3.1% in the 2nd 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 during the period. Global Assets Advisory LLC lifted its position in abrdn Physical Gold Shares ETF by 1,462.1% during the 1st quarter. Global Assets Advisory LLC now owns 797,211 shares of the company’s stock worth $16,933,000 after acquiring an additional 746,178 shares during the last quarter. Ethos Financial Group LLC boosted its holdings in abrdn Physical Gold Shares ETF by 1.8% during the first quarter. Ethos Financial Group LLC now owns 710,560 shares of the company’s stock valued at $15,092,000 after acquiring an additional 12,682 shares during the period. Finally, Almanack Investment Partners LLC. grew its position in shares of abrdn Physical Gold Shares ETF by 24.1% in the first quarter. Almanack Investment Partners LLC. now owns 710,017 shares of the company’s stock valued at $15,081,000 after purchasing an additional 137,955 shares during the last quarter.

abrdn Physical Gold Shares ETF Price Performance

NYSEARCA SGOL opened at $24.71 on Friday. The stock has a 50-day simple moving average of $23.58 and a 200 day simple moving average of $22.56. abrdn Physical Gold Shares ETF has a twelve month low of $17.35 and a twelve month high of $24.83.

abrdn Physical Gold Shares ETF 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.