Smithfield Trust Co Boosts Holdings in Sprott Physical Gold Trust $PHYS

Smithfield Trust Co boosted its holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 35.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,347 shares of the exchange traded fund’s stock after purchasing an additional 2,175 shares during the quarter. Smithfield Trust Co’s holdings in Sprott Physical Gold Trust were worth $211,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Royal Bank of Canada lifted its holdings in shares of Sprott Physical Gold Trust by 18.3% in the first quarter. Royal Bank of Canada now owns 7,917,978 shares of the exchange traded fund’s stock worth $190,507,000 after buying an additional 1,225,695 shares in the last quarter. Pekin Hardy Strauss Inc. increased its holdings in Sprott Physical Gold Trust by 2.0% in the 2nd quarter. Pekin Hardy Strauss Inc. now owns 4,310,858 shares of the exchange traded fund’s stock valued at $109,280,000 after acquiring an additional 84,300 shares during the last quarter. IMC Chicago LLC increased its holdings in Sprott Physical Gold Trust by 2,849.6% in the 2nd quarter. IMC Chicago LLC now owns 3,204,243 shares of the exchange traded fund’s stock valued at $81,228,000 after acquiring an additional 3,095,611 shares during the last quarter. Jupiter Asset Management Ltd. lifted its stake in Sprott Physical Gold Trust by 15.2% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 2,249,508 shares of the exchange traded fund’s stock worth $56,811,000 after purchasing an additional 296,330 shares in the last quarter. Finally, SouthState Corp boosted its holdings in shares of Sprott Physical Gold Trust by 0.6% during the 1st quarter. SouthState Corp now owns 1,885,075 shares of the exchange traded fund’s stock valued at $45,355,000 after purchasing an additional 11,035 shares during the last quarter.

Sprott Physical Gold Trust Stock Performance

Shares of Sprott Physical Gold Trust stock opened at $31.71 on Friday. Sprott Physical Gold Trust has a twelve month low of $19.63 and a twelve month high of $33.31. The business has a 50-day moving average price of $29.98 and a 200-day moving average price of $27.12.

About Sprott Physical Gold Trust

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.