Sprott Physical Gold Trust (NYSEARCA:PHYS – Get Free Report) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $19.83 and traded as high as $20.48. Sprott Physical Gold Trust shares last traded at $20.38, with a volume of 2,895,991 shares trading hands.
Sprott Physical Gold Trust Stock Up 0.5 %
The company’s 50 day moving average price is $20.39 and its two-hundred day moving average price is $19.83.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Concourse Financial Group Securities Inc. raised its holdings in Sprott Physical Gold Trust by 9.8% during the third quarter. Concourse Financial Group Securities Inc. now owns 6,893 shares of the exchange traded fund’s stock valued at $140,000 after acquiring an additional 615 shares during the period. Raymond James & Associates raised its stake in Sprott Physical Gold Trust by 73.3% during the 3rd quarter. Raymond James & Associates now owns 1,602,282 shares of the exchange traded fund’s stock valued at $32,655,000 after purchasing an additional 677,623 shares during the period. International Assets Investment Management LLC raised its stake in Sprott Physical Gold Trust by 2,471.9% during the 3rd quarter. International Assets Investment Management LLC now owns 2,859,518 shares of the exchange traded fund’s stock valued at $58,277,000 after purchasing an additional 2,748,335 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in Sprott Physical Gold Trust in the 2nd quarter worth approximately $164,000. Finally, Vontobel Holding Ltd. bought a new position in Sprott Physical Gold Trust in the 3rd quarter worth approximately $204,000.
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.
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