Barometer Capital Management Inc. acquired a new stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS – Free Report) in the first quarter, HoldingsChannel.com reports. The fund acquired 19,000 shares of the exchange traded fund’s stock, valued at approximately $673,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Heritage Wealth Advisors purchased a new position in shares of Sprott Physical Gold Trust in the fourth quarter worth $169,676,000. IMC Chicago LLC grew its stake in Sprott Physical Gold Trust by 494.3% during the first quarter. IMC Chicago LLC now owns 2,449,218 shares of the exchange traded fund’s stock valued at $86,800,000 after acquiring an additional 2,037,133 shares in the last quarter. CENTRAL TRUST Co increased its holdings in Sprott Physical Gold Trust by 26.3% in the 1st quarter. CENTRAL TRUST Co now owns 5,542,655 shares of the exchange traded fund’s stock valued at $196,432,000 after acquiring an additional 1,154,326 shares during the last quarter. 3EDGE Asset Management LP bought a new stake in Sprott Physical Gold Trust in the 4th quarter valued at $31,652,000. Finally, WIT Partners Advisory Pte. Ltd. increased its holdings in Sprott Physical Gold Trust by 340.5% in the 1st quarter. WIT Partners Advisory Pte. Ltd. now owns 941,220 shares of the exchange traded fund’s stock valued at $33,357,000 after acquiring an additional 727,533 shares during the last quarter.
Sprott Physical Gold Trust Trading Up 2.0%
Shares of PHYS stock opened at $30.84 on Wednesday. The company’s fifty day simple moving average is $32.17 and its two-hundred day simple moving average is $35.00. Sprott Physical Gold Trust has a 52 week low of $25.00 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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Want to see what other hedge funds are holding PHYS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sprott Physical Gold Trust (NYSEARCA:PHYS – Free Report).
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