abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) Hits New 1-Year High – What’s Next?

abrdn Physical Gold Shares ETF (NYSEARCA:SGOL)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $27.99 and last traded at $27.99, with a volume of 87464 shares changing hands. The stock had previously closed at $27.54.

abrdn Physical Gold Shares ETF Stock Performance

The company’s 50-day moving average price is $26.06 and its two-hundred day moving average price is $25.29.

Hedge Funds Weigh In On abrdn Physical Gold Shares ETF

Several large investors have recently made changes to their positions in the business. Proficio Capital Partners LLC lifted its stake in abrdn Physical Gold Shares ETF by 2,405.0% during the fourth quarter. Proficio Capital Partners LLC now owns 3,016,596 shares of the company’s stock valued at $75,566,000 after buying an additional 2,896,173 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in abrdn Physical Gold Shares ETF during the third quarter valued at about $35,703,000. Metis Global Partners LLC lifted its stake in abrdn Physical Gold Shares ETF by 34.6% during the third quarter. Metis Global Partners LLC now owns 4,657,799 shares of the company’s stock valued at $117,050,000 after buying an additional 1,197,086 shares in the last quarter. Bank of Montreal Can purchased a new stake in abrdn Physical Gold Shares ETF during the third quarter valued at about $20,710,000. Finally, JPMorgan Chase & Co. lifted its stake in abrdn Physical Gold Shares ETF by 393.3% during the third quarter. JPMorgan Chase & Co. now owns 885,680 shares of the company’s stock valued at $22,257,000 after buying an additional 706,134 shares in the last quarter.

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.