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

Sprott Physical Gold Trust (NYSEARCA:PHYS) shares saw strong trading volume on Monday . 5,148,571 shares were traded during mid-day trading, an increase of 112% from the previous session’s volume of 2,431,529 shares.The stock last traded at $33.7810 and had previously closed at $33.13.

Sprott Physical Gold Trust Price Performance

The company has a 50-day moving average of $32.14 and a 200-day moving average of $29.09.

Institutional Investors Weigh In On Sprott Physical Gold Trust

Several institutional investors have recently bought and sold shares of PHYS. IMC Chicago LLC increased its holdings in shares of Sprott Physical Gold Trust by 2,849.6% during the 2nd quarter. IMC Chicago LLC now owns 3,204,243 shares of the exchange traded fund’s stock worth $81,228,000 after acquiring an additional 3,095,611 shares during the last quarter. Jupiter Asset Management Ltd. boosted its holdings in shares of Sprott Physical Gold Trust by 39.8% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 3,145,855 shares of the exchange traded fund’s stock worth $92,913,000 after buying an additional 896,347 shares during the period. Jane Street Group LLC boosted its holdings in shares of Sprott Physical Gold Trust by 65.8% during the 2nd quarter. Jane Street Group LLC now owns 1,618,276 shares of the exchange traded fund’s stock worth $41,023,000 after buying an additional 642,224 shares during the period. Cerity Partners LLC grew its stake in Sprott Physical Gold Trust by 552.0% in the 3rd quarter. Cerity Partners LLC now owns 508,322 shares of the exchange traded fund’s stock valued at $15,057,000 after buying an additional 430,358 shares during the last quarter. Finally, Hengehold Capital Management LLC lifted its position in Sprott Physical Gold Trust by 982.6% during the second quarter. Hengehold Capital Management LLC now owns 456,451 shares of the exchange traded fund’s stock worth $11,571,000 after acquiring an additional 414,288 shares during 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. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.