abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) Reaches New 52-Week High – Should You Buy?

abrdn Physical Gold Shares ETF (NYSEARCA:SGOL)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $27.79 and last traded at $27.75, with a volume of 4801418 shares. The stock had previously closed at $27.30.

abrdn Physical Gold Shares ETF Stock Up 0.1 %

The stock has a fifty day moving average of $25.83 and a 200-day moving average of $25.13.

Institutional Trading of abrdn Physical Gold Shares ETF

Several hedge funds have recently modified their holdings of SGOL. Exchange Traded Concepts LLC bought a new position in shares of abrdn Physical Gold Shares ETF in the 3rd quarter valued at about $47,000. Centerpoint Advisors LLC acquired a new stake in abrdn Physical Gold Shares ETF during the 4th quarter worth $81,000. FMR LLC raised its position in shares of abrdn Physical Gold Shares ETF by 18.1% during the 3rd quarter. FMR LLC now owns 4,250 shares of the company’s stock valued at $107,000 after acquiring an additional 652 shares during the last quarter. Allworth Financial LP lifted its stake in shares of 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 purchasing an additional 1,853 shares during the period. Finally, SeaCrest Wealth Management LLC bought a new position in shares of abrdn Physical Gold Shares ETF in the 3rd quarter worth $202,000.

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.