Sprott Physical Gold Trust (NYSEARCA:PHYS) Hits New 12-Month High at $20.21

Sprott Physical Gold Trust (NYSEARCA:PHYS) reached a new 52-week high during trading on Wednesday . The stock traded as high as $20.21 and last traded at $20.07, with a volume of 1401533 shares traded. The stock had previously closed at $19.94.

Sprott Physical Gold Trust Stock Performance

The stock has a 50-day moving average price of $19.14 and a two-hundred day moving average price of $18.32.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Bluefin Capital Management LLC boosted its stake in Sprott Physical Gold Trust by 478.6% in the 1st quarter. Bluefin Capital Management LLC now owns 2,023,920 shares of the exchange traded fund’s stock worth $35,014,000 after purchasing an additional 1,674,108 shares during the period. Cetera Investment Advisers grew its stake in Sprott Physical Gold Trust by 791.8% during 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 acquiring an additional 968,835 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in Sprott Physical Gold Trust in the 2nd quarter valued at $9,884,000. Cambridge Investment Research Advisors Inc. lifted its stake in Sprott Physical Gold Trust by 29.6% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 2,271,370 shares of the exchange traded fund’s stock worth $41,021,000 after purchasing an additional 518,649 shares in the last quarter. Finally, Fidelis Capital Partners LLC boosted its holdings in shares of Sprott Physical Gold Trust by 1,039.8% during the 1st quarter. Fidelis Capital Partners LLC now owns 550,280 shares of the exchange traded fund’s stock valued at $9,520,000 after purchasing an additional 502,000 shares during the last quarter.

Sprott Physical Gold Trust Company Profile

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.