abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) Reaches New 52-Week High – Here’s What Happened

abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) shares hit a new 52-week high during trading on Thursday . The company traded as high as $26.68 and last traded at $26.68, with a volume of 1518924 shares. The stock had previously closed at $26.30.

abrdn Physical Gold Shares ETF Stock Up 0.1 %

The stock has a fifty day moving average price of $25.48 and a two-hundred day moving average price of $24.87.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SGOL. Sunbelt Securities Inc. bought a new position in shares of abrdn Physical Gold Shares ETF during the 2nd quarter worth approximately $26,000. Exchange Traded Concepts LLC purchased a new stake in shares of abrdn Physical Gold Shares ETF during the third quarter valued at approximately $47,000. Centerpoint Advisors LLC bought a new stake in abrdn Physical Gold Shares ETF during the fourth quarter worth $81,000. FMR LLC boosted its position in abrdn Physical Gold Shares ETF by 18.1% in the third quarter. FMR LLC now owns 4,250 shares of the company’s stock worth $107,000 after purchasing an additional 652 shares during the last quarter. Finally, Allworth Financial LP grew its stake in 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.

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.