Sprott Physical Gold Trust (NYSEARCA:PHYS – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $22.97 and last traded at $22.98, with a volume of 429579 shares traded. The stock had previously closed at $22.78.
Sprott Physical Gold Trust Trading Up 0.3 %
The business has a fifty day moving average price of $21.84 and a 200-day moving average price of $20.87.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the stock. SpringVest Wealth Management LLC acquired a new position in Sprott Physical Gold Trust during the 4th quarter valued at about $390,000. TFR Capital LLC. bought a new stake in shares of Sprott Physical Gold Trust in the 4th quarter worth approximately $315,000. Challenger Wealth Management bought a new stake in shares of Sprott Physical Gold Trust in the 4th quarter worth approximately $334,000. Sunbelt Securities Inc. grew its stake in Sprott Physical Gold Trust by 98.7% in the 4th quarter. Sunbelt Securities Inc. now owns 5,960 shares of the exchange traded fund’s stock valued at $119,000 after buying an additional 2,960 shares in the last quarter. Finally, Pettinga Financial Advisors LLC grew its position in shares of Sprott Physical Gold Trust by 29.6% during the 4th quarter. Pettinga Financial Advisors LLC now owns 46,197 shares of the exchange traded fund’s stock valued at $930,000 after purchasing an additional 10,550 shares in the last quarter.
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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