Sprott Physical Gold Trust (NYSEARCA:PHYS) Reaches New 1-Year Low – Here’s Why

Shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) hit a new 52-week low during mid-day trading on Friday. The stock traded as low as $29.53 and last traded at $29.52, with a volume of 1,448,699 shares traded. The stock had previously closed at $30.41.

Sprott Physical Gold Trust Trading Down 3.2%

The stock has a fifty day moving average price of $32.29 and a two-hundred day moving average price of $34.07.

Institutional Investors Weigh In On Sprott Physical Gold Trust

A number of large investors have recently bought and sold shares of PHYS. Integrity Alliance LLC. increased its stake in Sprott Physical Gold Trust by 146.0% in the third quarter. Integrity Alliance LLC. now owns 26,177 shares of the exchange traded fund’s stock valued at $819,000 after acquiring an additional 15,538 shares during the last quarter. Greenfield Seitz Capital Management LLC grew its holdings in shares of Sprott Physical Gold Trust by 2.2% during the 3rd quarter. Greenfield Seitz Capital Management LLC now owns 154,007 shares of the exchange traded fund’s stock valued at $4,816,000 after purchasing an additional 3,334 shares during the last quarter. Accordant Advisory Group Inc boosted its position in Sprott Physical Gold Trust by 0.7% in the third quarter. Accordant Advisory Group Inc now owns 382,825 shares of the exchange traded fund’s stock valued at $11,971,000 after buying an additional 2,723 shares in the last quarter. Hoey Investments Inc. boosted its holdings in shares of Sprott Physical Gold Trust by 13.6% during the 3rd quarter. Hoey Investments Inc. now owns 12,500 shares of the exchange traded fund’s stock valued at $391,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in Sprott Physical Gold Trust by 17.0% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 62,500 shares of the exchange traded fund’s stock worth $1,954,000 after purchasing an additional 9,100 shares in 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.