Sprott Physical Gold Trust (NYSEARCA:PHYS) Shares Cross Above 200-Day Moving Average of $16.86

Shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $16.86 and traded as high as $18.12. Sprott Physical Gold Trust shares last traded at $18.10, with a volume of 1,068,433 shares trading hands.

Sprott Physical Gold Trust Stock Performance

The stock has a 50 day moving average price of $18.18 and a 200 day moving average price of $16.86.

Hedge Funds Weigh In On Sprott Physical Gold Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in PHYS. TruNorth Capital Management LLC acquired a new position in Sprott Physical Gold Trust in the first quarter valued at approximately $926,000. Cetera Advisors LLC lifted its stake in Sprott Physical Gold Trust by 192.5% in the first quarter. Cetera Advisors LLC now owns 93,895 shares of the exchange traded fund’s stock valued at $1,624,000 after buying an additional 61,789 shares during the period. Cetera Investment Advisers lifted its stake in Sprott Physical Gold Trust by 791.8% in the first quarter. Cetera Investment Advisers now owns 1,091,188 shares of the exchange traded fund’s stock valued at $18,878,000 after buying an additional 968,835 shares during the period. Bluefin Capital Management LLC lifted its stake in Sprott Physical Gold Trust by 478.6% in the first quarter. Bluefin Capital Management LLC now owns 2,023,920 shares of the exchange traded fund’s stock valued at $35,014,000 after buying an additional 1,674,108 shares during the period. Finally, Ancora Advisors LLC lifted its stake in Sprott Physical Gold Trust by 2.0% in the first quarter. Ancora Advisors LLC now owns 236,385 shares of the exchange traded fund’s stock valued at $4,089,000 after buying an additional 4,571 shares during the period.

About Sprott Physical Gold Trust

Sprott Physical Gold Trust operates as a closed-end investment trust, which engages in investing and holding all of its assets in physical gold bullion. Its investment objective is to provide a secure, convenient, and exchange-traded investment alternative for investors through investing primarily in long-term holdings of unencumbered, fully allocated, physical gold bullion and will not speculate with regard to short-term changes in gold prices.