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

abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) hit a new 52-week high on Wednesday . The stock traded as high as $29.00 and last traded at $28.97, with a volume of 4371182 shares trading hands. The stock had previously closed at $28.64.

abrdn Physical Gold Shares ETF Stock Up 1.2 %

The stock has a fifty day moving average price of $27.15 and a two-hundred day moving average price of $25.88.

Hedge Funds Weigh In On abrdn Physical Gold Shares ETF

Several large investors have recently bought and sold shares of SGOL. Main Street Group LTD bought a new position in abrdn Physical Gold Shares ETF during the 4th quarter valued at $30,000. Centerpoint Advisors LLC bought a new position in shares of abrdn Physical Gold Shares ETF during the fourth quarter valued at about $81,000. FMR LLC lifted its position 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 purchasing an additional 652 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in shares of abrdn Physical Gold Shares ETF by 239.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 6,325 shares of the company’s stock worth $158,000 after buying an additional 4,461 shares in the last quarter. Finally, Congress Wealth Management LLC DE bought a new position in shares of abrdn Physical Gold Shares ETF during the 4th quarter worth approximately $204,000.

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.