Sprott Physical Gold Trust (NYSEARCA:PHYS) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Sprott Physical Gold Trust (NYSEARCA:PHYS)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $19.83 and traded as high as $20.48. Sprott Physical Gold Trust shares last traded at $20.38, with a volume of 2,895,991 shares.

Sprott Physical Gold Trust Price Performance

The business’s fifty day simple moving average is $20.35 and its 200 day simple moving average is $19.84.

Institutional Trading of Sprott Physical Gold Trust

Hedge funds have recently made changes to their positions in the stock. Straight Path Wealth Management lifted its holdings in Sprott Physical Gold Trust by 1.5% during the 3rd quarter. Straight Path Wealth Management now owns 34,950 shares of the exchange traded fund’s stock worth $712,000 after buying an additional 500 shares during the last quarter. Islay Capital Management LLC lifted its stake in Sprott Physical Gold Trust by 1.4% during the third quarter. Islay Capital Management LLC now owns 41,161 shares of the exchange traded fund’s stock worth $839,000 after purchasing an additional 550 shares during the last quarter. Concourse Financial Group Securities Inc. boosted its holdings in Sprott Physical Gold Trust by 9.8% in the third quarter. Concourse Financial Group Securities Inc. now owns 6,893 shares of the exchange traded fund’s stock worth $140,000 after purchasing an additional 615 shares during the period. Tompkins Financial Corp increased its stake in Sprott Physical Gold Trust by 1.6% during the third quarter. Tompkins Financial Corp now owns 43,700 shares of the exchange traded fund’s stock valued at $891,000 after purchasing an additional 700 shares during the last quarter. Finally, BSW Wealth Partners raised its holdings in shares of Sprott Physical Gold Trust by 3.1% during the third quarter. BSW Wealth Partners now owns 23,327 shares of the exchange traded fund’s stock worth $475,000 after purchasing an additional 703 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.