Sprott Physical GoldPHYS
PHYS
About: Sprott Physical Gold Trust is a closed-end mutual fund trust. The company provides a secure, convenient, and exchange-traded investment alternative for investors interested in holding physical gold bullion without the inconvenience associated with direct investment in physical gold bullion. The company invests mainly in long-term holdings of unencumbered, fully allocated, physical gold bullion and does not and will not speculate about short-term changes in gold prices.
0
Funds holding %
of 6,780 funds
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Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
115% more first-time investments, than exits
New positions opened: 56 | Existing positions closed: 26
7% more funds holding in top 10
Funds holding in top 10: 28 [Q2] → 30 (+2) [Q3]
7% more funds holding
Funds holding: 422 [Q2] → 452 (+30) [Q3]
6% more capital invested
Capital invested by funds: $2.21B [Q2] → $2.33B (+$127M) [Q3]
7% more repeat investments, than reductions
Existing positions increased: 126 | Existing positions reduced: 118
1.64% less ownership
Funds ownership: 30.69% [Q2] → 29.05% (-1.64%) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for PHYS.
Financial journalist opinion
Positive
ETF Trends
3 days ago
Rising Russia-Ukraine Tensions Reinvigorates Gold Prices
The U.S. post-election rally is dissipating quickly, giving way to more upside for gold. In particular, increasing tensions between Russia and Ukraine is spurring a flight to safe haven assets and reinvigorating gold prices again.
Positive
ETF Trends
4 weeks ago
Rising U.S. Debt and Yields Keep Gold Bullish
Gold continues to surge and rising debt levels in the U.S. and elevated yields should help keep the precious metal bullish. Gold prices are already up over 30% for the year and could keep climbing.
Neutral
ETF Trends
1 month ago
Global Uncertainties Push Gold to New Record Highs
Amid global uncertainties, gold continues to push higher. The precious metal is already up over 30% for the year as it eyes the $2,800 per ounce price marker as the next goal.
Positive
ETF Trends
1 month ago
Mixed Economic Data Maintains Bullish Case for Gold
Economic data could put the Federal Reserve in a state of flux as it decides to cut interest rates while still receiving data that the economy is running hot. In the meantime, this maintains the bullish case for gold.
Positive
ETF Trends
2 months ago
Rise to $3,000 for Gold ‘Only a Matter of Time'
Gold is continuing its climb, breaching the $2,600 mark recently. It looks well on its way past $2,700.
Positive
ETF Trends
2 months ago
Gold Pushes Past $2,600 En Route to New Highs
Rate cut expectations continue to add fuel to gold's serendipitous rise this year as the precious metal pushes past the $2,600 mark. Gold is already up over 26% for the year, outpacing the S&P 500.
Neutral
GlobeNewsWire
2 months ago
Sprott Physical Gold Trust Updates Its “At-The-Market” Equity Program
TORONTO, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Sprott Asset Management LP (“Sprott Asset Management”), a subsidiary of Sprott Inc., on behalf of the Sprott Physical Gold Trust (NYSE: PHYS) (TSX: PHYS / PHYS.U) (the “Trust”), a closed-ended mutual fund trust created to invest and hold substantially all of its assets in physical gold bullion, today announced that it has updated its at-the-market equity program to issue up to US$1 billion of units of the Trust (“Units”) in the United States and Canada.
Positive
ETF Trends
2 months ago
Looming Rate Cuts Can Keep Gold Bullish
Gold rallying may have been unforeseen by some, but to the vast majority, it could still offer a bullish investment prospect especially with interest rate cuts looming. The precious metal is up over 20% for the year, surpassing the S&P 500's 19% gain.
Positive
MarketBeat
3 months ago
Top 3 Michael Burry Stock Picks to Watch in 2024
As the quarter winds down, investors can look at 13-F filings to determine what the best minds on Wall Street are planning for the coming months. The Securities and Exchange Commission (SEC) requires these filings whenever an individual investor or fund holds a significant enough stake in any given stock, so this is a regular filing for big players like Warren Buffett.
Positive
Seeking Alpha
3 months ago
PHYS: Potential Fed Rate Cut Could Be A Huge Positive Catalyst
PHYS provides exposure to allocated gold bullion stored at the Royal Canadian Mint. Gold and PHYS have traded sideways since April, working off overbought conditions. With the Fed expected to begin cutting rates in September, I believe PHYS' consolidation is coming to an end. I reiterate my buy rating.
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