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

abrdn Physical Gold Shares ETF (NYSEARCA:SGOL)’s share price hit a new 52-week high on Tuesday . The company traded as high as $27.79 and last traded at $27.75, with a volume of 4801418 shares. The stock had previously closed at $27.30.

abrdn Physical Gold Shares ETF Stock Up 0.1 %

The business’s 50 day moving average is $25.83 and its 200-day moving average is $25.13.

Institutional Investors Weigh In On abrdn Physical Gold Shares ETF

Several hedge funds and other institutional investors have recently modified their holdings of SGOL. Wells Fargo & Company MN lifted its position in shares of abrdn Physical Gold Shares ETF by 25.5% in the 4th quarter. Wells Fargo & Company MN now owns 2,746,627 shares of the company’s stock worth $68,803,000 after acquiring an additional 557,840 shares during the period. World Investment Advisors increased its stake in abrdn Physical Gold Shares ETF by 1.3% in the fourth quarter. World Investment Advisors now owns 84,877 shares of the company’s stock valued at $2,126,000 after acquiring an additional 1,085 shares during the period. CIBC Private Wealth Group LLC raised its position in abrdn Physical Gold Shares ETF by 1.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 22,479 shares of the company’s stock worth $571,000 after purchasing an additional 388 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of abrdn Physical Gold Shares ETF by 20.4% in the 4th quarter. JPMorgan Chase & Co. now owns 1,066,473 shares of the company’s stock valued at $26,715,000 after purchasing an additional 180,793 shares during the period. Finally, Bay Capital Advisors LLC bought a new position in shares of abrdn Physical Gold Shares ETF during the 4th quarter worth approximately $696,000.

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.