Sprott Physical Gold Trust (NYSEARCA:PHYS) Hits New 52-Week High – Here’s What Happened

Sprott Physical Gold Trust (NYSEARCA:PHYS)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $26.31 and last traded at $26.20, with a volume of 8676450 shares trading hands. The stock had previously closed at $25.51.

Sprott Physical Gold Trust Trading Up 2.7 %

The business has a fifty day simple moving average of $23.40 and a 200 day simple moving average of $21.69.

Institutional Trading of Sprott Physical Gold Trust

Several institutional investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp acquired a new position in Sprott Physical Gold Trust during the 4th quarter valued at approximately $39,000. Smartleaf Asset Management LLC acquired a new position in shares of Sprott Physical Gold Trust during the fourth quarter valued at $40,000. Smithfield Trust Co bought a new position in shares of Sprott Physical Gold Trust during the fourth quarter worth about $50,000. Creative Financial Designs Inc. ADV acquired a new stake in shares of Sprott Physical Gold Trust in the 4th quarter worth about $50,000. Finally, NBC Securities Inc. lifted its position in Sprott Physical Gold Trust by 111,150.0% in the 1st quarter. NBC Securities Inc. now owns 2,225 shares of the exchange traded fund’s stock valued at $53,000 after purchasing an additional 2,223 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.