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

abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) reached a new 52-week high on Monday . The company traded as high as $28.14 and last traded at $28.14, with a volume of 3166969 shares. The stock had previously closed at $28.02.

abrdn Physical Gold Shares ETF Trading Up 0.5 %

The business has a 50-day simple moving average of $26.17 and a 200-day simple moving average of $25.38.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Main Street Group LTD acquired a new position in shares of abrdn Physical Gold Shares ETF during the 4th quarter worth about $30,000. Centerpoint Advisors LLC purchased a new stake in abrdn Physical Gold Shares ETF during the 4th quarter worth approximately $81,000. FMR LLC raised its holdings in shares of abrdn Physical Gold Shares ETF by 18.1% during the third quarter. FMR LLC now owns 4,250 shares of the company’s stock valued at $107,000 after acquiring an additional 652 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in shares of abrdn Physical Gold Shares ETF by 239.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 6,325 shares of the company’s stock valued at $158,000 after acquiring an additional 4,461 shares in the last quarter. Finally, Allworth Financial LP boosted its stake in shares of abrdn Physical Gold Shares ETF by 33.3% in the third quarter. Allworth Financial LP now owns 7,418 shares of the company’s stock worth $186,000 after acquiring an additional 1,853 shares during 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.