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

Sprott Physical Gold Trust (NYSEARCA:PHYS)’s share price hit a new 52-week high on Tuesday . The company traded as high as $20.46 and last traded at $20.45, with a volume of 144713 shares. The stock had previously closed at $20.39.

Sprott Physical Gold Trust Price Performance

The stock’s 50 day moving average price is $19.27 and its two-hundred day moving average price is $18.42.

Hedge Funds Weigh In On Sprott Physical Gold Trust

A number of institutional investors have recently made changes to their positions in PHYS. Banque Cantonale Vaudoise bought a new stake in shares of Sprott Physical Gold Trust in the second quarter valued at about $36,000. Sunbelt Securities Inc. bought a new stake in shares of Sprott Physical Gold Trust during the second quarter valued at approximately $51,000. 1620 Investment Advisors Inc. bought a new stake in shares of Sprott Physical Gold Trust during the second quarter valued at approximately $55,000. Evermay Wealth Management LLC raised its stake in shares of Sprott Physical Gold Trust by 567.7% in the first quarter. Evermay Wealth Management LLC now owns 3,906 shares of the exchange traded fund’s stock valued at $68,000 after purchasing an additional 3,321 shares in the last quarter. Finally, St. Johns Investment Management Company LLC bought a new position in Sprott Physical Gold Trust in the first quarter worth $104,000.

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.