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

abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $26.17 and last traded at $26.15, with a volume of 166340 shares traded. The stock had previously closed at $25.98.

abrdn Physical Gold Shares ETF Trading Up 0.5 %

The firm’s fifty day moving average price is $24.62 and its 200-day moving average price is $23.29.

Institutional Trading of abrdn Physical Gold Shares ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Sunbelt Securities Inc. acquired a new position in abrdn Physical Gold Shares ETF in the 2nd quarter worth approximately $26,000. Center for Financial Planning Inc. purchased a new stake in abrdn Physical Gold Shares ETF in the 2nd quarter worth about $47,000. Exchange Traded Concepts LLC purchased a new position in abrdn Physical Gold Shares ETF during the 3rd quarter valued at about $47,000. GPS Wealth Strategies Group LLC purchased a new position in abrdn Physical Gold Shares ETF during the 2nd quarter valued at about $152,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of abrdn Physical Gold Shares ETF in the 2nd quarter valued at about $184,000.

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.