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

abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) shares hit a new 52-week high during trading on Monday . The company traded as high as $28.14 and last traded at $28.14, with a volume of 3166969 shares traded. The stock had previously closed at $28.02.

abrdn Physical Gold Shares ETF Trading Up 0.5 %

The stock has a fifty day moving average of $26.17 and a 200 day moving average of $25.38.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SGOL. WCG Wealth Advisors LLC raised its stake in shares of abrdn Physical Gold Shares ETF by 0.7% during the 4th quarter. WCG Wealth Advisors LLC now owns 89,888 shares of the company’s stock valued at $2,252,000 after buying an additional 618 shares during the last quarter. Vident Advisory LLC acquired a new stake in abrdn Physical Gold Shares ETF during the fourth quarter worth about $580,000. Snowden Capital Advisors LLC raised its position in abrdn Physical Gold Shares ETF by 33.9% during the fourth quarter. Snowden Capital Advisors LLC now owns 13,933 shares of the company’s stock valued at $349,000 after acquiring an additional 3,526 shares in the last quarter. Royal Bank of Canada lifted its holdings in abrdn Physical Gold Shares ETF by 0.4% in the fourth quarter. Royal Bank of Canada now owns 540,846 shares of the company’s stock valued at $13,548,000 after acquiring an additional 2,363 shares during the period. Finally, Main Street Group LTD purchased a new stake in abrdn Physical Gold Shares ETF in the 4th quarter worth approximately $30,000.

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.