Sprott Physical Gold Trust (NYSEARCA:PHYS) Hits New 1-Year High at $18.10

Sprott Physical Gold Trust (NYSEARCA:PHYS)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $18.10 and last traded at $18.05, with a volume of 190708 shares traded. The stock had previously closed at $18.01.

Sprott Physical Gold Trust Stock Performance

The business’s 50 day moving average price is $16.45 and its 200 day moving average price is $15.78.

Institutional Investors Weigh In On Sprott Physical Gold Trust

Hedge funds have recently modified their holdings of the company. Truist Financial Corp raised its position in Sprott Physical Gold Trust by 95.5% during the fourth quarter. Truist Financial Corp now owns 3,126,984 shares of the exchange traded fund’s stock worth $44,090,000 after acquiring an additional 1,527,331 shares during the period. Royal Bank of Canada lifted its position in shares of Sprott Physical Gold Trust by 30.0% in the first quarter. Royal Bank of Canada now owns 6,120,005 shares of the exchange traded fund’s stock valued at $94,064,000 after acquiring an additional 1,413,756 shares in the last quarter. Bluefin Capital Management LLC boosted its stake in shares of Sprott Physical Gold Trust by 30.3% in the first quarter. Bluefin Capital Management LLC now owns 2,212,081 shares of the exchange traded fund’s stock worth $34,199,000 after acquiring an additional 514,145 shares during the last quarter. Jane Street Group LLC raised its stake in Sprott Physical Gold Trust by 855.1% in the 3rd quarter. Jane Street Group LLC now owns 413,644 shares of the exchange traded fund’s stock valued at $5,295,000 after purchasing an additional 370,333 shares during the last quarter. Finally, Captrust Financial Advisors lifted its holdings in Sprott Physical Gold Trust by 31.5% in the 4th quarter. Captrust Financial Advisors now owns 1,405,033 shares of the exchange traded fund’s stock valued at $19,811,000 after purchasing an additional 336,630 shares in 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.