abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) Hits New 1-Year High – What’s Next?

abrdn Physical Gold Shares ETF (NYSEARCA:SGOL)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $27.99 and last traded at $27.99, with a volume of 87464 shares. The stock had previously closed at $27.54.

abrdn Physical Gold Shares ETF Stock Performance

The stock’s fifty day simple moving average is $26.06 and its two-hundred day simple moving average is $25.29.

Institutional Trading of abrdn Physical Gold Shares ETF

Large investors have recently modified their holdings of the company. Main Street Group LTD acquired a new stake in shares of abrdn Physical Gold Shares ETF in the 4th quarter worth about $30,000. Exchange Traded Concepts LLC bought a new position in abrdn Physical Gold Shares ETF in the 3rd quarter valued at about $47,000. Centerpoint Advisors LLC bought a new position in abrdn Physical Gold Shares ETF in the 4th quarter valued at about $81,000. FMR LLC grew its position in abrdn Physical Gold Shares ETF by 18.1% in the 3rd quarter. FMR LLC now owns 4,250 shares of the company’s stock valued at $107,000 after buying an additional 652 shares in the last quarter. Finally, Allworth Financial LP grew its position in abrdn Physical Gold Shares ETF by 33.3% in the 3rd 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 in the last quarter.

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.