abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) Sets New 1-Year High at $24.36

abrdn Physical Gold Shares ETF (NYSEARCA:SGOL)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $24.36 and last traded at $24.32, with a volume of 915269 shares trading hands. The stock had previously closed at $24.01.

abrdn Physical Gold Shares ETF Stock Performance

The company has a 50-day simple moving average of $23.47 and a 200-day simple moving average of $22.43.

Hedge Funds Weigh In On abrdn Physical Gold Shares ETF

A number of large investors have recently bought and sold shares of the business. AdvisorNet Financial Inc boosted its position in abrdn Physical Gold Shares ETF by 4.1% in the 1st quarter. AdvisorNet Financial Inc now owns 13,565 shares of the company’s stock valued at $288,000 after buying an additional 535 shares during the period. Madden Advisory Services Inc. boosted its holdings in shares of abrdn Physical Gold Shares ETF by 4.3% in the fourth quarter. Madden Advisory Services Inc. now owns 22,756 shares of the company’s stock valued at $449,000 after purchasing an additional 930 shares during the period. Brookstone Capital Management grew its stake in abrdn Physical Gold Shares ETF by 0.7% in the first quarter. Brookstone Capital Management now owns 127,122 shares of the company’s stock worth $2,700,000 after purchasing an additional 931 shares in the last quarter. Investment Partners Asset Management Inc. increased its holdings in abrdn Physical Gold Shares ETF by 2.2% during the 1st quarter. Investment Partners Asset Management Inc. now owns 44,264 shares of the company’s stock worth $940,000 after purchasing an additional 947 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in abrdn Physical Gold Shares ETF by 1.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 64,863 shares of the company’s stock valued at $1,280,000 after purchasing an additional 996 shares in the last quarter.

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.