abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) Sees Unusually-High Trading Volume – Still a Buy?

Shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOLGet Free Report) saw strong trading volume on Thursday . 19,387,703 shares were traded during trading, an increase of 196% from the previous session’s volume of 6,539,530 shares.The stock last traded at $49.21 and had previously closed at $51.24.

More abrdn Physical Gold Shares ETF News

Here are the key news stories impacting abrdn Physical Gold Shares ETF this week:

abrdn Physical Gold Shares ETF Price Performance

The business has a 50 day moving average price of $42.31 and a 200 day moving average price of $37.75.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Crewe Advisors LLC bought a new stake in shares of abrdn Physical Gold Shares ETF in the second quarter worth about $27,000. Ameritas Advisory Services LLC acquired a new stake in shares of abrdn Physical Gold Shares ETF in the 2nd quarter valued at approximately $28,000. Sound Income Strategies LLC bought a new stake in abrdn Physical Gold Shares ETF during the third quarter worth $34,000. Glass Jacobson Investment Advisors llc acquired a new stake in abrdn Physical Gold Shares ETF in the third quarter valued at $37,000. Finally, Anfield Capital Management LLC bought a new stake in shares of abrdn Physical Gold Shares ETF in the 3rd quarter valued at about $37,000.

abrdn Physical Gold Shares ETF Company Profile

(Get Free Report)

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.

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