Shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL – Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $24.83 and last traded at $24.67, with a volume of 3558590 shares changing hands. The stock had previously closed at $24.53.
abrdn Physical Gold Shares ETF Stock Performance
The business has a 50 day moving average of $23.55 and a 200 day moving average of $22.55.
Institutional Trading of abrdn Physical Gold Shares ETF
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Sanctuary Advisors LLC acquired a new stake in shares of abrdn Physical Gold Shares ETF during the second quarter worth about $240,000. Cetera Investment Advisers raised its holdings in abrdn Physical Gold Shares ETF by 2.6% during the 2nd quarter. Cetera Investment Advisers now owns 398,250 shares of the company’s stock worth $8,849,000 after buying an additional 10,181 shares during the period. Sunbelt Securities Inc. bought a new position in abrdn Physical Gold Shares ETF in the second quarter valued at approximately $26,000. NewEdge Advisors LLC boosted its holdings in shares of abrdn Physical Gold Shares ETF by 19.4% in the second quarter. NewEdge Advisors LLC now owns 281,183 shares of the company’s stock valued at $6,248,000 after buying an additional 45,676 shares during the period. Finally, Creative Planning raised its holdings in shares of abrdn Physical Gold Shares ETF by 13.3% during the second quarter. Creative Planning now owns 84,060 shares of the company’s stock worth $1,868,000 after acquiring an additional 9,849 shares during the period.
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.
Further Reading
- Five stocks we like better than abrdn Physical Gold Shares ETF
- How Technical Indicators Can Help You Find Oversold Stocks
- This Is the Top Large-Cap Stock Insiders Are Buying
- What is the Shanghai Stock Exchange Composite Index?
- Capitalize on Micron’s 24% Drop—Wall Street Eyes Major Upside
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Stocks to Take Advantage of Rising Gold Prices
Receive News & Ratings for abrdn Physical Gold Shares ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for abrdn Physical Gold Shares ETF and related companies with MarketBeat.com's FREE daily email newsletter.
