abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) Reaches New 12-Month High – Still a Buy?

abrdn Physical Gold Shares ETF (NYSEARCA:SGOL)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $29.00 and last traded at $28.97, with a volume of 4371182 shares traded. The stock had previously closed at $28.64.

abrdn Physical Gold Shares ETF Stock Performance

The firm’s 50 day simple moving average is $27.30 and its 200-day simple moving average is $25.93.

Institutional Trading of abrdn Physical Gold Shares ETF

A number of institutional investors have recently added to or reduced their stakes in SGOL. Main Street Group LTD bought a new position in shares of abrdn Physical Gold Shares ETF during the 4th quarter worth about $30,000. Centerpoint Advisors LLC acquired a new position in abrdn Physical Gold Shares ETF in the fourth quarter worth $81,000. FMR LLC lifted its position in abrdn Physical Gold Shares ETF by 18.1% during the 3rd quarter. FMR LLC now owns 4,250 shares of the company’s stock worth $107,000 after buying an additional 652 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in shares of abrdn Physical Gold Shares ETF by 239.3% during the fourth quarter. Exchange Traded Concepts LLC now owns 6,325 shares of the company’s stock valued at $158,000 after purchasing an additional 4,461 shares during the last quarter. Finally, Modern Wealth Management LLC bought a new position in abrdn Physical Gold Shares ETF in the 4th quarter valued at $223,000.

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.