Sprott Physical Gold Trust (NYSEARCA:PHYS) Shares Pass Above 200 Day Moving Average of $16.53

Sprott Physical Gold Trust (NYSEARCA:PHYS) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $16.53 and traded as high as $18.21. Sprott Physical Gold Trust shares last traded at $18.10, with a volume of 1,029,520 shares.

Sprott Physical Gold Trust Stock Up 0.1 %

The stock has a fifty day moving average of $17.92 and a 200 day moving average of $16.54.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Latitude Advisors LLC raised its holdings in shares of Sprott Physical Gold Trust by 2.2% during the 1st quarter. Latitude Advisors LLC now owns 27,571 shares of the exchange traded fund’s stock worth $477,000 after acquiring an additional 600 shares in the last quarter. Koshinski Asset Management Inc. raised its holdings in shares of Sprott Physical Gold Trust by 9.0% during the 1st quarter. Koshinski Asset Management Inc. now owns 16,975 shares of the exchange traded fund’s stock worth $294,000 after acquiring an additional 1,405 shares in the last quarter. Perritt Capital Management Inc. raised its holdings in shares of Sprott Physical Gold Trust by 0.6% during the 1st quarter. Perritt Capital Management Inc. now owns 348,757 shares of the exchange traded fund’s stock worth $6,034,000 after acquiring an additional 2,027 shares in the last quarter. Brookstone Capital Management raised its holdings in shares of Sprott Physical Gold Trust by 2.7% during the 1st quarter. Brookstone Capital Management now owns 126,629 shares of the exchange traded fund’s stock worth $2,191,000 after acquiring an additional 3,298 shares in the last quarter. Finally, Evermay Wealth Management LLC raised its holdings in shares of 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 worth $68,000 after acquiring an additional 3,321 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.