CENTRAL TRUST Co purchased a new position in Sprott Physical Gold Trust (NYSEARCA:PHYS – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,498,300 shares of the exchange traded fund’s stock, valued at approximately $203,202,000. Sprott Physical Gold Trust comprises about 3.6% of CENTRAL TRUST Co’s holdings, making the stock its 4th largest holding.
Several other institutional investors and hedge funds have also recently made changes to their positions in PHYS. Pekin Hardy Strauss Inc. purchased a new stake in shares of Sprott Physical Gold Trust during the 3rd quarter valued at $138,180,000. Evanson Financial LLC bought a new stake in shares of Sprott Physical Gold Trust during the 2nd quarter worth $108,576,000. IMC Chicago LLC grew its position in Sprott Physical Gold Trust by 494.3% in the first quarter. IMC Chicago LLC now owns 2,449,218 shares of the exchange traded fund’s stock worth $86,800,000 after acquiring an additional 2,037,133 shares in the last quarter. Kestra Advisory Services LLC grew its position in Sprott Physical Gold Trust by 6.4% in the third quarter. Kestra Advisory Services LLC now owns 2,107,253 shares of the exchange traded fund’s stock worth $65,894,000 after acquiring an additional 126,300 shares in the last quarter. Finally, Cetera Investment Advisers grew its position in Sprott Physical Gold Trust by 5.6% in the first quarter. Cetera Investment Advisers now owns 1,726,789 shares of the exchange traded fund’s stock worth $61,197,000 after acquiring an additional 91,695 shares in the last quarter.
Sprott Physical Gold Trust Price Performance
PHYS opened at $30.10 on Thursday. Sprott Physical Gold Trust has a 52 week low of $29.27 and a 52 week high of $42.07. The business’s fifty day simple moving average is $31.55 and its 200 day simple moving average is $33.82.
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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