Streetbeat News

PHYS

Sprott Physical Gold Trust

https://sprott.com/investment-strategies/physical-bullion-trusts/gold/net-asset-value-premium-discount/

Industry

Asset Management

Sprott Physical Gold Trust is an exchange traded commodity launched and managed by Sprott Asset Management, LP. The fund invests in the commodity markets. It primarily invests in physical gold bullion in London Good Delivery bar form. Sprott Physical Gold Trust was formed on August 28, 2009 and is domiciled in Canada.

Open

23.52

Mkt cap

10B

Volume

High

23.64

P/E Ratio

5.53

52-wk high

23.64

Low

23.45

Div yield

N/A

52-wk low

17.15

PHYS has outperformed US equities, driven by positive gold flow data and technicals. North America leads in ETF and central bank gold flows, indicating strong demand. A brief pullback in gold is expected, but long-term fundamentals suggest significant upside potential.

Portfolio Pulse from

March 18, 2025 | 11:45 am

Gold prices have been reaching new highs in 2024 due to rising geopolitical tensions and increased demand for safe-haven assets.

Portfolio Pulse from

January 31, 2025 | 4:15 pm

Michael Burry's Scion Asset Management LLC has shifted its investment strategy in Q1 2024, focusing on physical commodities and renewable energy while divesting from major tech stocks. The fund's market value increased to $103.49 million, with significant investments in Sprott Physical Gold Trust, Cigna Holding Co, BP Plc ADR, First Solar Inc., and Baidu Inc ADR. Burry also increased stakes in JD.com Inc and Alibaba Group Holdings, while completely exiting positions in Alphabet Inc. and Amazon.com Inc.

Portfolio Pulse from Piero Cingari

May 16, 2024 | 4:14 pm

Michael Burry's Scion Asset Management has disclosed its Q1 2024 13F report, revealing significant holdings in various US-listed companies and ETFs. Notable positions include 360K shares of JD.com (JD), 125K shares of Alibaba (BABA), 25K shares of HCA Healthcare (HCA), 125K shares of Citigroup (C), 440,729K shares of Sprott Physical Gold Trust (PHYS), 90K shares of Block (SQ), 20K shares of Cigna (CI), 85K shares of Advance Auto Parts (AAP), 175K shares of BP (BP), 125K shares of Vital Energy (VTLE), 250K shares of Star Bulk Carriers (SBLK), 1,412,692 shares of The RealReal (REAL), 30K shares of First Solar (FSLR), 40K shares of Baidu (BIDU), and 400K shares of Safe Bulkers (SB).

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 4:47 pm

Benzinga's 'ETFs Unlocked' Conference has started, providing a platform for discussions and insights on ETFs. The conference is accessible online via a provided YouTube link.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 4:00 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.