Sprott Physical Gold Trust (NYSEARCA:PHYS) Shares Pass Above 200 Day Moving Average of $15.30

Sprott Physical Gold Trust (NYSEARCA:PHYSGet Free Report) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $15.30 and traded as high as $15.79. Sprott Physical Gold Trust shares last traded at $15.76, with a volume of 1,360,378 shares.

Sprott Physical Gold Trust Stock Performance

The firm’s 50-day simple moving average is $15.76 and its two-hundred day simple moving average is $15.30.

Hedge Funds Weigh In On Sprott Physical Gold Trust

Institutional investors and hedge funds have recently modified their holdings of the stock. Royal Bank of Canada lifted its stake in shares of Sprott Physical Gold Trust by 30.0% in the 1st quarter. Royal Bank of Canada now owns 6,120,005 shares of the exchange traded fund’s stock valued at $94,064,000 after purchasing an additional 1,413,756 shares during the last quarter. Truist Financial Corp lifted its stake in shares of Sprott Physical Gold Trust by 95.5% in the 4th quarter. Truist Financial Corp now owns 3,126,984 shares of the exchange traded fund’s stock valued at $44,090,000 after purchasing an additional 1,527,331 shares during the last quarter. Bluefin Capital Management LLC lifted its position in Sprott Physical Gold Trust by 30.3% during the 1st quarter. Bluefin Capital Management LLC now owns 2,212,081 shares of the exchange traded fund’s stock worth $34,199,000 after acquiring an additional 514,145 shares during the last quarter. SouthState Corp lifted its position in Sprott Physical Gold Trust by 4.4% during the 2nd quarter. SouthState Corp now owns 2,114,984 shares of the exchange traded fund’s stock worth $31,556,000 after acquiring an additional 89,578 shares during the last quarter. Finally, Captrust Financial Advisors lifted its position in Sprott Physical Gold Trust by 4.0% during the 2nd quarter. Captrust Financial Advisors now owns 1,596,650 shares of the exchange traded fund’s stock worth $23,822,000 after acquiring an additional 61,719 shares during the last quarter.

About Sprott Physical Gold Trust

(Get Free Report)

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.

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