Sprott Physical Gold Trust (NYSEARCA:PHYS) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) saw an uptick in trading volume on Monday . 3,153,710 shares changed hands during mid-day trading, an increase of 9% from the previous session’s volume of 2,904,051 shares.The stock last traded at $22.43 and had previously closed at $22.16.

Sprott Physical Gold Trust Stock Up 0.1 %

The stock has a fifty day simple moving average of $20.82 and a two-hundred day simple moving average of $20.35.

Institutional Investors Weigh In On Sprott Physical Gold Trust

Several hedge funds and other institutional investors have recently modified their holdings of PHYS. Straight Path Wealth Management boosted its position in shares of Sprott Physical Gold Trust by 1.5% during the third quarter. Straight Path Wealth Management now owns 34,950 shares of the exchange traded fund’s stock valued at $712,000 after buying an additional 500 shares during the last quarter. Wealth Alliance Advisory Group LLC boosted its position in Sprott Physical Gold Trust by 4.3% in the fourth quarter. Wealth Alliance Advisory Group LLC now owns 12,089 shares of the exchange traded fund’s stock worth $243,000 after purchasing an additional 500 shares during the last quarter. J.W. Cole Advisors Inc. boosted its position in Sprott Physical Gold Trust by 1.2% in the fourth quarter. J.W. Cole Advisors Inc. now owns 42,131 shares of the exchange traded fund’s stock worth $849,000 after purchasing an additional 519 shares during the last quarter. Islay Capital Management LLC boosted its position in Sprott Physical Gold Trust by 1.4% in the third quarter. Islay Capital Management LLC now owns 41,161 shares of the exchange traded fund’s stock worth $839,000 after purchasing an additional 550 shares during the last quarter. Finally, Nwam LLC boosted its position in Sprott Physical Gold Trust by 0.9% in the fourth quarter. Nwam LLC now owns 62,364 shares of the exchange traded fund’s stock worth $1,256,000 after purchasing an additional 557 shares during 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.