Sprott Physical Gold Trust (NYSEARCA:PHYS) Reaches New 12-Month High at $19.24

Shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) hit a new 52-week high on Friday . The stock traded as high as $19.24 and last traded at $18.94, with a volume of 1237519 shares trading hands. The stock had previously closed at $18.96.

Sprott Physical Gold Trust Price Performance

The stock’s 50 day moving average is $18.31 and its 200 day moving average is $17.42.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PHYS. Banque Cantonale Vaudoise acquired a new position in Sprott Physical Gold Trust during the 2nd quarter worth approximately $36,000. 1620 Investment Advisors Inc. purchased a new position in shares of Sprott Physical Gold Trust in the second quarter valued at $55,000. Evermay Wealth Management LLC grew its holdings in Sprott Physical Gold Trust by 567.7% during the 1st quarter. Evermay Wealth Management LLC now owns 3,906 shares of the exchange traded fund’s stock valued at $68,000 after purchasing an additional 3,321 shares in the last quarter. St. Johns Investment Management Company LLC purchased a new stake in Sprott Physical Gold Trust during the 1st quarter worth $104,000. Finally, Concourse Financial Group Securities Inc. lifted its holdings in Sprott Physical Gold Trust by 69.3% in the 2nd quarter. Concourse Financial Group Securities Inc. now owns 6,278 shares of the exchange traded fund’s stock worth $113,000 after buying an additional 2,570 shares in 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.