Shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $12.78 and last traded at $12.71, with a volume of 1763 shares trading hands. The stock had previously closed at $12.66.
The firm’s 50 day simple moving average is $12.19 and its 200-day simple moving average is $11.96.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in PHYS. AlphaCore Capital LLC bought a new stake in Sprott Physical Gold Trust during the fourth quarter worth $251,000. Janney Montgomery Scott LLC grew its position in shares of Sprott Physical Gold Trust by 8.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 445,315 shares of the exchange traded fund’s stock valued at $5,424,000 after acquiring an additional 33,685 shares during the period. G&S Capital LLC acquired a new position in shares of Sprott Physical Gold Trust during the 4th quarter worth about $36,000. Manchester Financial Inc. acquired a new position in shares of Sprott Physical Gold Trust during the 4th quarter worth about $80,000. Finally, Lineweaver Wealth Advisors LLC acquired a new position in shares of Sprott Physical Gold Trust during the 4th quarter worth about $226,000.
Sprott Physical Gold Trust is a closed end investment trust, which engages in the investments and holding substantially all of its assets in physical gold bullion. Its objective is to provides a secure, convenient, and exchange-traded investment alternative for investors. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.
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