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

abrdn Physical Gold Shares ETF (NYSEARCA:SGOL)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $26.32 and last traded at $26.32, with a volume of 60112 shares. The stock had previously closed at $26.18.

abrdn Physical Gold Shares ETF Stock Up 0.5 %

The firm has a fifty day moving average price of $24.91 and a 200 day moving average price of $23.45.

Institutional Trading of abrdn Physical Gold Shares ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sunbelt Securities Inc. acquired a new position in shares of abrdn Physical Gold Shares ETF during the 2nd quarter worth about $26,000. Center for Financial Planning Inc. bought a new position in abrdn Physical Gold Shares ETF during the second quarter worth about $47,000. Exchange Traded Concepts LLC acquired a new position in abrdn Physical Gold Shares ETF during the third quarter worth approximately $47,000. GPS Wealth Strategies Group LLC bought a new stake in abrdn Physical Gold Shares ETF in the second quarter valued at approximately $152,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in abrdn Physical Gold Shares ETF in the second quarter valued at approximately $184,000.

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.