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

Sprott Physical Gold Trust (NYSEARCA:PHYS) shares saw strong trading volume on Monday . 2,667,329 shares changed hands during mid-day trading, an increase of 28% from the previous session’s volume of 2,080,241 shares.The stock last traded at $20.18 and had previously closed at $20.74.

Sprott Physical Gold Trust Stock Down 1.2 %

The stock’s 50 day moving average price is $20.55 and its 200 day moving average price is $19.24.

Institutional Trading of Sprott Physical Gold Trust

A number of hedge funds have recently made changes to their positions in the company. Banque Cantonale Vaudoise acquired a new stake in shares of Sprott Physical Gold Trust during the second quarter worth approximately $36,000. St. Johns Investment Management Company LLC bought a new stake in shares of Sprott Physical Gold Trust in the 3rd quarter worth about $51,000. Missouri Trust & Investment Co raised its stake in shares of Sprott Physical Gold Trust by 160.9% in the 3rd quarter. Missouri Trust & Investment Co now owns 2,609 shares of the exchange traded fund’s stock valued at $53,000 after purchasing an additional 1,609 shares in the last quarter. First Horizon Advisors Inc. bought a new position in shares of Sprott Physical Gold Trust during the third quarter worth about $54,000. Finally, Sunbelt Securities Inc. acquired a new position in Sprott Physical Gold Trust in the second quarter worth about $51,000.

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.