abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) Reaches New 1-Year Low – Time to Sell?

abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) hit a new 52-week low during mid-day trading on Thursday. The stock traded as low as $36.67 and last traded at $36.7550, with a volume of 1,324,363 shares. The stock had previously closed at $37.93.

abrdn Physical Gold Shares ETF Price Performance

The business has a fifty day moving average of $39.76 and a 200-day moving average of $42.57.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Jacobi Capital Management LLC bought a new stake in abrdn Physical Gold Shares ETF during the third quarter worth approximately $47,000. TD Waterhouse Canada Inc. bought a new stake in shares of abrdn Physical Gold Shares ETF during the third quarter valued at approximately $72,000. McIlrath & Eck LLC bought a new stake in shares of abrdn Physical Gold Shares ETF during the first quarter valued at approximately $87,000. Main Street Group LTD acquired a new position in shares of abrdn Physical Gold Shares ETF in the first quarter valued at $105,000. Finally, Segall Bryant & Hamill LLC acquired a new position in shares of abrdn Physical Gold Shares ETF in the first quarter valued at $236,000.

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.