HighTower Advisors LLC increased its stake in Sprott Physical Gold Trust (NYSEARCA:PHYS – Free Report) by 4.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,101,440 shares of the exchange traded fund’s stock after buying an additional 43,434 shares during the period. HighTower Advisors LLC’s holdings in Sprott Physical Gold Trust were worth $36,370,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of PHYS. Jupiter Asset Management Ltd. raised its stake in Sprott Physical Gold Trust by 39.8% in the third quarter. Jupiter Asset Management Ltd. now owns 3,145,855 shares of the exchange traded fund’s stock worth $92,913,000 after buying an additional 896,347 shares in the last quarter. Jane Street Group LLC raised its stake in Sprott Physical Gold Trust by 65.8% in the second quarter. Jane Street Group LLC now owns 1,618,276 shares of the exchange traded fund’s stock worth $41,023,000 after buying an additional 642,224 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in Sprott Physical Gold Trust by 15.5% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 3,035,301 shares of the exchange traded fund’s stock worth $100,226,000 after buying an additional 407,271 shares in the last quarter. CENTRAL TRUST Co raised its stake in Sprott Physical Gold Trust by 9.1% in the third quarter. CENTRAL TRUST Co now owns 4,649,181 shares of the exchange traded fund’s stock worth $137,709,000 after buying an additional 388,033 shares in the last quarter. Finally, BIP Wealth LLC raised its stake in Sprott Physical Gold Trust by 335.2% in the fourth quarter. BIP Wealth LLC now owns 491,350 shares of the exchange traded fund’s stock worth $16,224,000 after buying an additional 378,445 shares in the last quarter.
Sprott Physical Gold Trust Price Performance
PHYS stock opened at $34.37 on Friday. Sprott Physical Gold Trust has a 1 year low of $24.86 and a 1 year high of $42.07. The firm has a 50-day moving average of $35.54 and a 200 day moving average of $35.11.
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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