abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) Hits New 12-Month High at $21.13

abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $21.13 and last traded at $21.11, with a volume of 256644 shares trading hands. The stock had previously closed at $20.96.

abrdn Physical Gold Shares ETF Stock Performance

The business has a 50 day moving average of $19.85 and a 200-day moving average of $19.23.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SGOL. Steward Partners Investment Advisory LLC grew its holdings in shares of abrdn Physical Gold Shares ETF by 65.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,762 shares of the company’s stock worth $31,000 after purchasing an additional 696 shares during the last quarter. Keener Financial Planning LLC bought a new position in abrdn Physical Gold Shares ETF during the 4th quarter valued at approximately $35,000. Gradient Investments LLC bought a new stake in shares of abrdn Physical Gold Shares ETF in the 3rd quarter worth approximately $38,000. Householder Group Estate & Retirement Specialist LLC bought a new position in abrdn Physical Gold Shares ETF in the 3rd quarter worth $43,000. Finally, Geneos Wealth Management Inc. bought a new stake in shares of abrdn Physical Gold Shares ETF during the 3rd quarter valued at about $48,000.

About abrdn Physical Gold Shares ETF

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.