abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) Sets New 1-Year High – Here’s Why

Shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $27.16 and last traded at $27.16, with a volume of 4697939 shares trading hands. The stock had previously closed at $26.89.

abrdn Physical Gold Shares ETF Stock Performance

The firm’s 50 day moving average price is $25.56 and its 200 day moving average price is $24.95.

Institutional Trading of abrdn Physical Gold Shares ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC bought a new position in shares of abrdn Physical Gold Shares ETF in the 3rd quarter worth approximately $47,000. Centerpoint Advisors LLC purchased a new stake in abrdn Physical Gold Shares ETF in the fourth quarter worth $81,000. FMR LLC raised its holdings in abrdn Physical Gold Shares ETF by 18.1% in the third quarter. FMR LLC now owns 4,250 shares of the company’s stock worth $107,000 after purchasing an additional 652 shares in the last quarter. Allworth Financial LP lifted its position in abrdn Physical Gold Shares ETF by 33.3% during the third quarter. Allworth Financial LP now owns 7,418 shares of the company’s stock valued at $186,000 after buying an additional 1,853 shares during the period. Finally, SeaCrest Wealth Management LLC bought a new stake in shares of abrdn Physical Gold Shares ETF during the 3rd quarter valued at $202,000.

abrdn Physical Gold Shares ETF Company 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.