abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) Hits New 12-Month High – Should You Buy?

abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) shares hit a new 52-week high on Thursday . The company traded as high as $29.19 and last traded at $29.17, with a volume of 1892391 shares. The stock had previously closed at $28.80.

abrdn Physical Gold Shares ETF Trading Up 0.7 %

The stock’s fifty day moving average price is $27.69 and its 200-day moving average price is $26.14.

Institutional Investors Weigh In On abrdn Physical Gold Shares ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Main Street Group LTD acquired a new position in shares of abrdn Physical Gold Shares ETF during the 4th quarter worth $30,000. Centerpoint Advisors LLC acquired a new stake in shares of abrdn Physical Gold Shares ETF in the fourth quarter worth $81,000. FMR LLC boosted its holdings in shares of 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 during the period. Exchange Traded Concepts LLC raised its holdings in abrdn Physical Gold Shares ETF by 239.3% in the 4th quarter. Exchange Traded Concepts LLC now owns 6,325 shares of the company’s stock worth $158,000 after acquiring an additional 4,461 shares during the period. Finally, Modern Wealth Management LLC acquired a new position in abrdn Physical Gold Shares ETF during the 4th quarter worth $223,000.

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.