The latest update is out from Sprott Physical Gold Trust Units ( (PHYS) ).
Sprott Physical Gold Trust has announced that its net asset value has exceeded $10 billion, marking a significant milestone for the trust. This achievement underscores the growing demand for secure, convenient investment in physical gold, particularly as global central bank purchases drive record gold prices. The trust, which holds 3.4 million ounces of gold, offers investors a fully-allocated, redeemable option for owning physical gold, reflecting a broader trend of increasing investor participation in the gold market.
More about Sprott Physical Gold Trust Units
Sprott Inc. is a global asset manager specializing in precious metals and critical materials investments. The company offers a range of investment strategies, including Exchange Listed Products, Managed Equities, and Private Strategies. With offices in Toronto, New York, Connecticut, and California, Sprott is listed on both the New York Stock Exchange and the Toronto Stock Exchange under the symbol SII.
YTD Price Performance: 12.92%
Average Trading Volume: 3,323,608
See more data about PHYS stock on TipRanks’ Stock Analysis page.