Sprott Physical Gold Trust (NYSEARCA:PHYS) Reaches New 12-Month High – Still a Buy?

Sprott Physical Gold Trust (NYSEARCA:PHYS) shares reached a new 52-week high on Thursday . The stock traded as high as $23.65 and last traded at $23.62, with a volume of 1992896 shares traded. The stock had previously closed at $23.31.

Sprott Physical Gold Trust Trading Up 1.2 %

The business’s 50-day moving average is $22.35 and its 200-day moving average is $21.12.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Wealth Alliance Advisory Group LLC boosted its holdings 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 valued at $243,000 after acquiring an additional 500 shares during the last quarter. J.W. Cole Advisors Inc. raised its stake in shares of Sprott Physical Gold Trust by 1.2% during the fourth quarter. J.W. Cole Advisors Inc. now owns 42,131 shares of the exchange traded fund’s stock worth $849,000 after buying an additional 519 shares during the last quarter. Nwam LLC lifted its holdings 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 valued at $1,256,000 after buying an additional 557 shares during the period. Quadrant Private Wealth Management LLC boosted its stake in Sprott Physical Gold Trust by 0.6% in the fourth quarter. Quadrant Private Wealth Management LLC now owns 94,738 shares of the exchange traded fund’s stock valued at $1,908,000 after acquiring an additional 600 shares during the last quarter. Finally, Avior Wealth Management LLC grew its holdings in Sprott Physical Gold Trust by 12.0% during the 4th quarter. Avior Wealth Management LLC now owns 5,700 shares of the exchange traded fund’s stock worth $115,000 after acquiring an additional 610 shares during the period.

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.