Sprott Physical Gold Trust (NYSEARCA:PHYS – Get Free Report) shares saw an uptick in trading volume on Monday . 5,148,571 shares changed hands during trading, an increase of 112% from the previous session’s volume of 2,431,529 shares.The stock last traded at $33.7810 and had previously closed at $33.13.
Sprott Physical Gold Trust Stock Up 2.2%
The business has a 50 day moving average price of $31.96 and a 200-day moving average price of $28.97.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in PHYS. Ameriflex Group Inc. lifted its stake in shares of Sprott Physical Gold Trust by 66.7% in the second quarter. Ameriflex Group Inc. now owns 1,000 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 400 shares in the last quarter. Manchester Capital Management LLC purchased a new position in shares of Sprott Physical Gold Trust during the 2nd quarter valued at approximately $25,000. Tradewinds Capital Management LLC boosted its stake in shares of Sprott Physical Gold Trust by 59.8% during the 2nd quarter. Tradewinds Capital Management LLC now owns 1,088 shares of the exchange traded fund’s stock valued at $28,000 after buying an additional 407 shares during the last quarter. MTM Investment Management LLC acquired a new stake in shares of Sprott Physical Gold Trust during the second quarter worth approximately $30,000. Finally, Hilltop National Bank bought a new stake in shares of Sprott Physical Gold Trust in the second quarter worth $32,000.
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. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.
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