Market cap of Sprott Physical Gold Trust [PHYS] reaches 7.72B – now what?

Sprott Physical Gold Trust [AMEX: PHYS] stock went on a downward path that fall over -0.63% on Wednesday, amounting to a one-week price increase of more than 2.42%.

Over the last 12 months, PHYS stock rose by 27.80%.

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The market cap for the stock reached $7.72 billion, with 405.74 million shares outstanding and 405.26 million shares in the current float. Compared to the average trading volume of 1.87M shares, PHYS stock reached a trading volume of 4668696 in the most recent trading day, which is why market watchdogs consider the stock to be active.

PHYS Stock Performance Analysis:

Sprott Physical Gold Trust [PHYS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.42. With this latest performance, PHYS shares dropped by -0.37% in over the last four-week period, additionally plugging by 23.65% over the last 6 months – not to mention a rise of 27.80% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PHYS stock in for the last two-week period is set at 58.74, with the RSI for the last a single of trading hit 59.84, and the three-weeks RSI is set at 57.80 for Sprott Physical Gold Trust [PHYS]. The present Moving Average for the last 50 days of trading for this stock 18.46, while it was recorded at 19.01 for the last single week of trading, and 17.03 for the last 200 days.

Sprott Physical Gold Trust [PHYS] Institutonal Ownership Details

The top three institutional holders of PHYS stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in PHYS stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in PHYS stock with ownership which is approximately 5.1238%.

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