Fulcrum Wealth Advisors LLC Takes $11.60 Million Position in abrdn Physical Gold Shares ETF $SGOL

Fulcrum Wealth Advisors LLC purchased a new stake in shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) during the fourth quarter, Holdings Channel reports. The fund purchased 282,368 shares of the company’s stock, valued at approximately $11,600,000. abrdn Physical Gold Shares ETF accounts for approximately 9.5% of Fulcrum Wealth Advisors LLC’s investment portfolio, making the stock its largest holding.

A number of other hedge funds have also recently made changes to their positions in the company. Inspire Advisors LLC increased its stake in shares of abrdn Physical Gold Shares ETF by 23.3% in the third quarter. Inspire Advisors LLC now owns 222,883 shares of the company’s stock worth $8,204,000 after buying an additional 42,124 shares during the period. Arta Finance Wealth Management LLC purchased a new position in shares of abrdn Physical Gold Shares ETF in the fourth quarter worth $1,363,000. Capital Advisory Group Advisory Services LLC boosted its holdings in abrdn Physical Gold Shares ETF by 51.1% in the fourth quarter. Capital Advisory Group Advisory Services LLC now owns 142,555 shares of the company’s stock valued at $5,856,000 after acquiring an additional 48,195 shares in the last quarter. Almanack Investment Partners LLC. boosted its holdings in abrdn Physical Gold Shares ETF by 32.5% in the third quarter. Almanack Investment Partners LLC. now owns 1,051,679 shares of the company’s stock valued at $38,712,000 after acquiring an additional 257,924 shares in the last quarter. Finally, Castle Wealth Management LLC bought a new stake in abrdn Physical Gold Shares ETF in the fourth quarter valued at $863,000.

abrdn Physical Gold Shares ETF Trading Down 2.0%

NYSEARCA:SGOL opened at $43.02 on Tuesday. The firm’s fifty day simple moving average is $46.06 and its 200 day simple moving average is $43.59. abrdn Physical Gold Shares ETF has a twelve month low of $30.20 and a twelve month high of $52.84.

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.