abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) Hits New 52-Week High – Time to Buy?

abrdn Physical Gold Shares ETF (NYSEARCA:SGOL)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $26.32 and last traded at $26.32, with a volume of 60112 shares traded. The stock had previously closed at $26.18.

abrdn Physical Gold Shares ETF Price Performance

The business has a 50 day moving average price of $24.91 and a 200 day moving average price of $23.45.

Institutional Investors Weigh In On abrdn Physical Gold Shares ETF

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

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.