Sprott Physical Gold Trust (NYSEARCA:PHYS – Get Rating)'s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $15.84 and last traded at $15.72, with a volume of 395155 shares traded. The stock had previously closed at $15.72.

Sprott Physical Gold Trust Trading Up 1.1 %

The firm's 50-day moving average price is $14.81 and its 200 day moving average price is $14.07.

Institutional Investors Weigh In On Sprott Physical Gold Trust

A number of institutional investors have recently added to or reduced their stakes in PHYS. Asset Dedication LLC bought a new stake in Sprott Physical Gold Trust in the 3rd quarter worth about $43,000. Goodman Advisory Group LLC bought a new position in shares of Sprott Physical Gold Trust during the 4th quarter valued at approximately $43,000. Missouri Trust & Investment Co grew its position in shares of Sprott Physical Gold Trust by 111.9% during the 3rd quarter. Missouri Trust & Investment Co now owns 4,337 shares of the exchange traded fund's stock valued at $56,000 after acquiring an additional 2,290 shares during the period. Robinson Value Management Ltd. grew its position in shares of Sprott Physical Gold Trust by 300.0% during the 4th quarter. Robinson Value Management Ltd. now owns 4,000 shares of the exchange traded fund's stock valued at $56,000 after acquiring an additional 3,000 shares during the period. Finally, AXS Investments LLC bought a new position in shares of Sprott Physical Gold Trust during the 4th quarter valued at approximately $58,000.

About Sprott Physical Gold Trust

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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.

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