Sprott Physical Gold Trust (NYSEARCA:PHYS) Sees Large Volume Increase – What’s Next?

Sprott Physical Gold Trust (NYSEARCA:PHYS) shares saw an uptick in trading volume on Monday . 5,148,571 shares changed hands during mid-day 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 Price Performance

The stock has a fifty day moving average of $31.96 and a two-hundred day moving average of $28.97.

Institutional Trading of Sprott Physical Gold Trust

A number of institutional investors and hedge funds have recently bought and sold shares of PHYS. AQR Capital Management LLC purchased a new stake in Sprott Physical Gold Trust during the first quarter worth approximately $260,000. Strait & Sound Wealth Management LLC acquired a new position in shares of Sprott Physical Gold Trust during the 1st quarter valued at $219,000. Integrity Alliance LLC. purchased a new stake in Sprott Physical Gold Trust during the 1st quarter worth $395,000. Focus Partners Wealth purchased a new stake in Sprott Physical Gold Trust during the 1st quarter worth $200,000. Finally, Belpointe Asset Management LLC acquired a new stake in Sprott Physical Gold Trust in the 1st quarter valued at $2,256,000.

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. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.