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 reached a new 52-week high during trading on Friday . The company traded as high as $32.88 and last traded at $32.85, with a volume of 295254 shares changing hands. The stock had previously closed at $32.32.

abrdn Physical Gold Shares ETF Trading Up 1.3%

The company’s 50-day moving average is $31.42 and its two-hundred day moving average is $28.44.

Institutional Investors Weigh In On abrdn Physical Gold Shares ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Main Street Group LTD bought a new position in abrdn Physical Gold Shares ETF in the 4th quarter valued at $30,000. Costello Asset Management INC purchased a new stake in shares of abrdn Physical Gold Shares ETF during the first quarter valued at $75,000. Centerpoint Advisors LLC purchased a new stake in shares of abrdn Physical Gold Shares ETF during the fourth quarter valued at $81,000. Transcend Capital Advisors LLC bought a new position in shares of abrdn Physical Gold Shares ETF in the first quarter worth about $201,000. Finally, Congress Wealth Management LLC DE purchased a new position in abrdn Physical Gold Shares ETF in the 4th quarter worth about $204,000.

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.