Sprott Physical Gold Trust (NYSEARCA:PHYS) Hits New 52-Week High at $11.71

Sprott Physical Gold Trust (NYSEARCA:PHYS) hit a new 52-week high during trading on Monday . The company traded as high as $11.71 and last traded at $11.73, with a volume of 1500 shares trading hands. The stock had previously closed at $11.52.

The firm’s 50 day simple moving average is $11.26.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James & Associates raised its stake in Sprott Physical Gold Trust by 0.4% during the first quarter. Raymond James & Associates now owns 300,662 shares of the exchange traded fund’s stock worth $3,142,000 after acquiring an additional 1,292 shares in the last quarter. Sigma Planning Corp raised its stake in Sprott Physical Gold Trust by 7.6% during the second quarter. Sigma Planning Corp now owns 30,589 shares of the exchange traded fund’s stock worth $347,000 after acquiring an additional 2,150 shares in the last quarter. Bank of Montreal Can raised its stake in Sprott Physical Gold Trust by 2.0% during the first quarter. Bank of Montreal Can now owns 112,494 shares of the exchange traded fund’s stock worth $1,176,000 after acquiring an additional 2,166 shares in the last quarter. Raymond James Trust N.A. raised its stake in Sprott Physical Gold Trust by 12.1% during the second quarter. Raymond James Trust N.A. now owns 23,130 shares of the exchange traded fund’s stock worth $262,000 after acquiring an additional 2,500 shares in the last quarter. Finally, TIAA FSB raised its stake in Sprott Physical Gold Trust by 4.2% during the first quarter. TIAA FSB now owns 69,810 shares of the exchange traded fund’s stock worth $730,000 after acquiring an additional 2,810 shares in the last quarter.

Sprott Physical Gold Trust Company Profile (NYSEARCA:PHYS)

Sprott Physical Gold Trust is a closed end investment trust, which engages in the investments and holding substantially all of its assets in physical gold bullion. Its objective is to provides a secure, convenient, and exchange-traded investment alternative for investors. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.

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