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

Sprott Physical Gold Trust (NYSEARCA:PHYS) saw strong trading volume on Monday . 2,239,167 shares traded hands during trading, a decline of 14% from the previous session’s volume of 2,606,233 shares.The stock last traded at $24.10 and had previously closed at $23.82.

Sprott Physical Gold Trust Stock Up 1.1 %

The stock’s fifty day simple moving average is $22.46 and its 200-day simple moving average is $21.19.

Hedge Funds Weigh In On Sprott Physical Gold Trust

Institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in Sprott Physical Gold Trust in the 4th quarter valued at $44,631,000. Matauro LLC purchased a new position in shares of Sprott Physical Gold Trust in the 4th quarter worth about $40,017,000. IMC Chicago LLC raised its position in Sprott Physical Gold Trust by 5,078.7% in the fourth quarter. IMC Chicago LLC now owns 2,025,763 shares of the exchange traded fund’s stock valued at $40,799,000 after purchasing an additional 1,986,646 shares during the period. Jane Street Group LLC boosted its position in Sprott Physical Gold Trust by 601.5% in the 4th quarter. Jane Street Group LLC now owns 1,989,077 shares of the exchange traded fund’s stock valued at $40,060,000 after buying an additional 1,705,537 shares during the last quarter. Finally, Kestra Advisory Services LLC increased its position in shares of Sprott Physical Gold Trust by 1,026.9% in the 4th quarter. Kestra Advisory Services LLC now owns 1,451,077 shares of the exchange traded fund’s stock worth $29,225,000 after purchasing an additional 1,322,305 shares during 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.