Sprott Physical Gold Trust (NYSEARCA:PHYS) Reaches New 12-Month High at $20.46

Sprott Physical Gold Trust (NYSEARCA:PHYS) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $20.46 and last traded at $20.45, with a volume of 144713 shares changing hands. The stock had previously closed at $20.39.

Sprott Physical Gold Trust Trading Up 0.3 %

The company has a 50 day simple moving average of $19.27 and a 200-day simple moving average of $18.42.

Hedge Funds Weigh In On Sprott Physical Gold Trust

A number of institutional investors have recently bought and sold shares of PHYS. Ndwm LLC grew its position in Sprott Physical Gold Trust by 34.7% in the first quarter. Ndwm LLC now owns 19,065 shares of the exchange traded fund’s stock worth $330,000 after acquiring an additional 4,911 shares in the last quarter. Private Advisor Group LLC raised its holdings in Sprott Physical Gold Trust by 88.8% during the first quarter. Private Advisor Group LLC now owns 777,048 shares of the exchange traded fund’s stock valued at $13,443,000 after buying an additional 365,371 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Sprott Physical Gold Trust during the 1st quarter worth about $281,000. Raymond James & Associates boosted its stake in shares of Sprott Physical Gold Trust by 32.8% during the 2nd quarter. Raymond James & Associates now owns 924,659 shares of the exchange traded fund’s stock worth $16,699,000 after acquiring an additional 228,541 shares in the last quarter. Finally, Concourse Financial Group Securities Inc. increased its holdings in shares of Sprott Physical Gold Trust by 69.3% during the 2nd quarter. Concourse Financial Group Securities Inc. now owns 6,278 shares of the exchange traded fund’s stock valued at $113,000 after acquiring an additional 2,570 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.