CENTRAL TRUST Co boosted its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS – Free Report) by 26.3% in the first quarter, HoldingsChannel reports. The institutional investor owned 5,542,655 shares of the exchange traded fund’s stock after purchasing an additional 1,154,326 shares during the period. Sprott Physical Gold Trust comprises approximately 3.9% of CENTRAL TRUST Co’s holdings, making the stock its 4th largest position. CENTRAL TRUST Co’s holdings in Sprott Physical Gold Trust were worth $196,432,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the stock. Fiduciary Alliance LLC increased its position in shares of Sprott Physical Gold Trust by 4.4% during the fourth quarter. Fiduciary Alliance LLC now owns 7,195 shares of the exchange traded fund’s stock worth $238,000 after acquiring an additional 300 shares during the period. Latitude Advisors LLC raised its stake in shares of Sprott Physical Gold Trust by 1.0% during the fourth quarter. Latitude Advisors LLC now owns 30,540 shares of the exchange traded fund’s stock valued at $1,008,000 after acquiring an additional 300 shares in the last quarter. Principal Securities Inc. boosted its holdings in shares of Sprott Physical Gold Trust by 2.5% in the fourth quarter. Principal Securities Inc. now owns 12,600 shares of the exchange traded fund’s stock valued at $416,000 after purchasing an additional 302 shares during the period. Euro Pacific Asset Management LLC boosted its holdings in shares of Sprott Physical Gold Trust by 0.9% in the fourth quarter. Euro Pacific Asset Management LLC now owns 48,180 shares of the exchange traded fund’s stock valued at $1,591,000 after purchasing an additional 408 shares during the period. Finally, Manchester Financial Inc. grew its stake in Sprott Physical Gold Trust by 5.9% in the fourth quarter. Manchester Financial Inc. now owns 7,360 shares of the exchange traded fund’s stock worth $243,000 after purchasing an additional 410 shares in the last quarter.
Sprott Physical Gold Trust Stock Performance
PHYS opened at $30.94 on Wednesday. The stock’s fifty day moving average is $34.21 and its two-hundred day moving average is $35.36. Sprott Physical Gold Trust has a 52 week low of $24.86 and a 52 week high of $42.07.
Sprott Physical Gold Trust Company Profile
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. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.
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