Mountain Lake Investment Management LLC Sells 127,705 Shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL)

Mountain Lake Investment Management LLC decreased its stake in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 22.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 447,295 shares of the company’s stock after selling 127,705 shares during the quarter. abrdn Physical Gold Shares ETF accounts for about 13.0% of Mountain Lake Investment Management LLC’s portfolio, making the stock its largest position. Mountain Lake Investment Management LLC owned approximately 0.32% of abrdn Physical Gold Shares ETF worth $11,203,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have 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 third quarter worth about $35,703,000. Metis Global Partners LLC increased its holdings in shares of 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 acquiring an additional 1,197,086 shares in the last quarter. Pure Portfolios Holdings LLC bought a new stake in shares of abrdn Physical Gold Shares ETF in the third quarter worth about $25,415,000. Bank of Montreal Can bought a new stake in shares of abrdn Physical Gold Shares ETF in the third quarter worth about $20,710,000. Finally, JPMorgan Chase & Co. increased 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 acquiring an additional 706,134 shares in the last quarter.

abrdn Physical Gold Shares ETF Stock Performance

Shares of abrdn Physical Gold Shares ETF stock opened at $27.54 on Friday. abrdn Physical Gold Shares ETF has a 1 year low of $19.08 and a 1 year high of $27.96. The business has a 50-day moving average of $25.93 and a two-hundred day moving average of $25.20.

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.