Sprott Physical Gold Trust (NYSEARCA:PHYS) Sees Large Volume Increase – Should You Buy?

Sprott Physical Gold Trust (NYSEARCA:PHYS) saw an uptick in trading volume on Monday . 2,239,167 shares changed 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 Trading Up 0.3 %

The firm has a fifty day moving average price of $22.59 and a 200-day moving average price of $21.25.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new stake in Sprott Physical Gold Trust in the 4th quarter valued at $44,631,000. Matauro LLC purchased a new stake in shares of Sprott Physical Gold Trust in the fourth quarter worth about $40,017,000. IMC Chicago LLC grew its stake in shares of 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 buying an additional 1,986,646 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of Sprott Physical Gold Trust by 601.5% during 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 period. Finally, Kestra Advisory Services LLC lifted its position in Sprott Physical Gold Trust by 1,026.9% during 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 acquiring an additional 1,322,305 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.