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

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 $28.17 and last traded at $28.16, with a volume of 201993 shares. The stock had previously closed at $27.98.

abrdn Physical Gold Shares ETF Stock Up 0.0 %

The business’s 50 day moving average is $26.94 and its 200-day moving average is $25.76.

Institutional Investors Weigh In On abrdn Physical Gold Shares ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Northstar Financial Companies Inc. bought a new stake in abrdn Physical Gold Shares ETF during the 4th quarter valued at approximately $328,000. Elite Financial Inc. bought a new stake in shares of abrdn Physical Gold Shares ETF in the fourth quarter valued at approximately $1,042,000. Castle Rock Wealth Management LLC grew its stake in shares of abrdn Physical Gold Shares ETF by 6.7% in the fourth quarter. Castle Rock Wealth Management LLC now owns 66,312 shares of the company’s stock worth $1,826,000 after acquiring an additional 4,157 shares during the last quarter. WCG Wealth Advisors LLC increased its position in abrdn Physical Gold Shares ETF by 0.7% during the fourth quarter. WCG Wealth Advisors LLC now owns 89,888 shares of the company’s stock worth $2,252,000 after acquiring an additional 618 shares during the period. Finally, Vident Advisory LLC acquired a new position in abrdn Physical Gold Shares ETF during the 4th quarter valued at $580,000.

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.