Weiss Asset Management LP acquired a new stake in Sprott Physical Gold Trust (NYSEARCA:PHYS – Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 484,101 shares of the exchange traded fund’s stock, valued at approximately $17,157,000.
Several other large investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in shares of Sprott Physical Gold Trust by 8.2% during the fourth quarter. Royal Bank of Canada now owns 9,516,053 shares of the exchange traded fund’s stock worth $314,220,000 after buying an additional 724,321 shares in the last quarter. Federation des caisses Desjardins du Quebec increased its position in Sprott Physical Gold Trust by 2.3% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 5,589,846 shares of the exchange traded fund’s stock worth $184,642,000 after acquiring an additional 125,087 shares during the period. CENTRAL TRUST Co increased its position in Sprott Physical Gold Trust by 26.3% during the first quarter. CENTRAL TRUST Co now owns 5,542,655 shares of the exchange traded fund’s stock worth $196,432,000 after acquiring an additional 1,154,326 shares during the period. Heritage Wealth Advisors acquired a new stake in Sprott Physical Gold Trust in the 4th quarter worth about $169,676,000. Finally, Pekin Hardy Strauss Inc. raised its stake in Sprott Physical Gold Trust by 1.3% in the 4th quarter. Pekin Hardy Strauss Inc. now owns 4,318,119 shares of the exchange traded fund’s stock worth $142,584,000 after purchasing an additional 56,549 shares in the last quarter.
Sprott Physical Gold Trust Price Performance
NYSEARCA PHYS opened at $30.64 on Friday. Sprott Physical Gold Trust has a 12-month low of $25.00 and a 12-month high of $42.07. The firm has a 50-day moving average price of $31.92 and a two-hundred day moving average price of $34.94.
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. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.
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