Farmers & Merchants Investments Inc. Sells 1,046 Shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL)

Farmers & Merchants Investments Inc. decreased its holdings in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 43.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,355 shares of the company’s stock after selling 1,046 shares during the period. Farmers & Merchants Investments Inc.’s holdings in abrdn Physical Gold Shares ETF were worth $34,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quadrature Capital Ltd bought a new stake in shares of abrdn Physical Gold Shares ETF in the 3rd quarter worth about $35,703,000. Metis Global Partners LLC lifted its stake in abrdn Physical Gold Shares ETF by 34.6% in the third quarter. Metis Global Partners LLC now owns 4,657,799 shares of the company’s stock worth $117,050,000 after purchasing an additional 1,197,086 shares during the last quarter. Pure Portfolios Holdings LLC purchased a new position in shares of abrdn Physical Gold Shares ETF during the third quarter valued at approximately $25,415,000. Bank of Montreal Can bought a new position in shares of abrdn Physical Gold Shares ETF during the third quarter valued at approximately $20,710,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of abrdn Physical Gold Shares ETF by 393.3% in the third quarter. JPMorgan Chase & Co. now owns 885,680 shares of the company’s stock worth $22,257,000 after buying an additional 706,134 shares during the period.

abrdn Physical Gold Shares ETF Stock Performance

SGOL opened at $27.30 on Monday. The business has a fifty day moving average of $25.68 and a 200 day moving average of $25.04. abrdn Physical Gold Shares ETF has a 52-week low of $18.97 and a 52-week high of $27.56.

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.