abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) Sets New 12-Month High at $21.13

abrdn Physical Gold Shares ETF (NYSEARCA:SGOL)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $21.13 and last traded at $21.11, with a volume of 256644 shares changing hands. The stock had previously closed at $20.96.

abrdn Physical Gold Shares ETF Trading Up 1.0 %

The firm has a fifty day moving average of $19.85 and a 200-day moving average of $19.23.

Hedge Funds Weigh In On abrdn Physical Gold Shares ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Jane Street Group LLC grew its holdings in shares of abrdn Physical Gold Shares ETF by 162.4% during the 4th quarter. Jane Street Group LLC now owns 8,802,145 shares of the company’s stock worth $153,773,000 after purchasing an additional 5,447,741 shares in the last quarter. Bank of America Corp DE increased its stake in abrdn Physical Gold Shares ETF by 6.7% in the first quarter. Bank of America Corp DE now owns 3,803,986 shares of the company’s stock valued at $71,781,000 after acquiring an additional 239,682 shares during the last quarter. Metis Global Partners LLC lifted its stake in abrdn Physical Gold Shares ETF by 15.7% during the fourth quarter. Metis Global Partners LLC now owns 3,311,435 shares of the company’s stock worth $65,368,000 after purchasing an additional 449,954 shares during the last quarter. Ronald Blue Trust Inc. boosted its holdings in shares of abrdn Physical Gold Shares ETF by 7.7% in the 3rd quarter. Ronald Blue Trust Inc. now owns 3,024,834 shares of the company’s stock valued at $55,565,000 after purchasing an additional 216,008 shares in the last quarter. Finally, HighTower Advisors LLC increased its stake in shares of abrdn Physical Gold Shares ETF by 0.3% in the 3rd quarter. HighTower Advisors LLC now owns 2,464,834 shares of the company’s stock valued at $43,598,000 after purchasing an additional 6,460 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.