abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) Reaches New 1-Year High – Time to Buy?

abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) 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 changing hands. The stock had previously closed at $27.30.

abrdn Physical Gold Shares ETF Trading Up 1.6 %

The business has a 50-day moving average price of $25.73 and a 200 day moving average price of $25.08.

Hedge Funds Weigh In On abrdn Physical Gold Shares ETF

Institutional investors have recently bought and sold shares of the business. Blue Bell Private Wealth Management LLC lifted its position in abrdn Physical Gold Shares ETF by 0.6% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 60,661 shares of the company’s stock worth $1,520,000 after buying an additional 370 shares during the last quarter. Mutual Advisors LLC lifted its holdings in shares of abrdn Physical Gold Shares ETF by 0.9% in the 4th quarter. Mutual Advisors LLC now owns 62,389 shares of the company’s stock worth $1,617,000 after acquiring an additional 554 shares during the last quarter. True North Advisors LLC boosted its stake in shares of abrdn Physical Gold Shares ETF by 0.6% during the 4th quarter. True North Advisors LLC now owns 91,932 shares of the company’s stock worth $2,303,000 after purchasing an additional 575 shares during the period. Beaumont Financial Advisors LLC grew its holdings in abrdn Physical Gold Shares ETF by 3.7% during the 4th quarter. Beaumont Financial Advisors LLC now owns 17,025 shares of the company’s stock valued at $426,000 after purchasing an additional 600 shares during the last quarter. Finally, FMR LLC raised its position in abrdn Physical Gold Shares ETF by 18.1% in the 3rd quarter. FMR LLC now owns 4,250 shares of the company’s stock worth $107,000 after purchasing an additional 652 shares during the period.

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.