Sprott Physical Gold Trust (NYSEARCA:PHYS) Reaches New 52-Week High – Still a Buy?

Sprott Physical Gold Trust (NYSEARCA:PHYS) reached a new 52-week high on Monday . The company traded as high as $35.20 and last traded at $35.1550, with a volume of 1709061 shares. The stock had previously closed at $34.41.

Sprott Physical Gold Trust Price Performance

The stock has a 50-day moving average price of $32.38 and a 200 day moving average price of $29.27.

Institutional Investors Weigh In On Sprott Physical Gold Trust

Large investors have recently bought and sold shares of the company. Stratos Wealth Advisors LLC grew its holdings in Sprott Physical Gold Trust by 2.1% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 18,866 shares of the exchange traded fund’s stock valued at $559,000 after buying an additional 392 shares in the last quarter. Ameriflex Group Inc. grew its holdings in shares of Sprott Physical Gold Trust by 66.7% in the second quarter. Ameriflex Group Inc. now owns 1,000 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 400 shares during the period. Parkside Financial Bank & Trust increased its position in Sprott Physical Gold Trust by 36.4% during the second quarter. Parkside Financial Bank & Trust now owns 1,500 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 400 shares during the last quarter. U.S. Capital Wealth Advisors LLC raised its stake in Sprott Physical Gold Trust by 1.4% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 28,021 shares of the exchange traded fund’s stock worth $830,000 after purchasing an additional 400 shares during the period. Finally, Latitude Advisors LLC raised its stake in Sprott Physical Gold Trust by 1.3% during the third quarter. Latitude Advisors LLC now owns 30,240 shares of the exchange traded fund’s stock worth $896,000 after purchasing an additional 400 shares during the period.

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. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.