Sprott Physical Gold Trust (NYSEARCA:PHYS) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Sprott Physical Gold Trust (NYSEARCA:PHYS)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $19.83 and traded as high as $20.48. Sprott Physical Gold Trust shares last traded at $20.38, with a volume of 2,895,991 shares changing hands.

Sprott Physical Gold Trust Stock Performance

The stock’s 50 day moving average price is $20.35 and its two-hundred day moving average price is $19.84.

Institutional Trading of Sprott Physical Gold Trust

Hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC lifted its holdings in shares of Sprott Physical Gold Trust by 2,471.9% during the 3rd quarter. International Assets Investment Management LLC now owns 2,859,518 shares of the exchange traded fund’s stock worth $58,277,000 after acquiring an additional 2,748,335 shares during the period. Raymond James & Associates increased its position in Sprott Physical Gold Trust by 73.3% during the third quarter. Raymond James & Associates now owns 1,602,282 shares of the exchange traded fund’s stock worth $32,655,000 after purchasing an additional 677,623 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in Sprott Physical Gold Trust during the second quarter worth approximately $9,884,000. Envestnet Asset Management Inc. boosted its holdings in shares of Sprott Physical Gold Trust by 28.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,615,548 shares of the exchange traded fund’s stock valued at $29,177,000 after purchasing an additional 361,514 shares during the last quarter. Finally, Captrust Financial Advisors boosted its holdings in shares of Sprott Physical Gold Trust by 13.9% in the 3rd quarter. Captrust Financial Advisors now owns 2,277,485 shares of the exchange traded fund’s stock valued at $46,415,000 after purchasing an additional 277,117 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.