Private Trust Co. NA Buys 500 Shares of Sprott Physical Gold Trust $PHYS

Private Trust Co. NA lifted its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 11.1% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 5,000 shares of the exchange traded fund’s stock after buying an additional 500 shares during the period. Private Trust Co. NA’s holdings in Sprott Physical Gold Trust were worth $127,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Royal Bank of Canada lifted its position in Sprott Physical Gold Trust by 18.3% during the first quarter. Royal Bank of Canada now owns 7,917,978 shares of the exchange traded fund’s stock worth $190,507,000 after purchasing an additional 1,225,695 shares during the period. Pekin Hardy Strauss Inc. increased its holdings in Sprott Physical Gold Trust by 0.7% in the 1st quarter. Pekin Hardy Strauss Inc. now owns 4,226,558 shares of the exchange traded fund’s stock valued at $101,691,000 after buying an additional 29,770 shares during the period. IMC Chicago LLC raised its position in shares of Sprott Physical Gold Trust by 2,849.6% in the 2nd quarter. IMC Chicago LLC now owns 3,204,243 shares of the exchange traded fund’s stock valued at $81,228,000 after buying an additional 3,095,611 shares in the last quarter. Jupiter Asset Management Ltd. lifted its holdings in shares of Sprott Physical Gold Trust by 10.9% during the 1st quarter. Jupiter Asset Management Ltd. now owns 1,953,178 shares of the exchange traded fund’s stock worth $47,062,000 after acquiring an additional 192,612 shares during the period. Finally, SouthState Corp lifted its holdings in shares of Sprott Physical Gold Trust by 0.6% during the 1st quarter. SouthState Corp now owns 1,885,075 shares of the exchange traded fund’s stock worth $45,355,000 after acquiring an additional 11,035 shares during the period.

Sprott Physical Gold Trust Price Performance

Shares of NYSEARCA:PHYS opened at $30.89 on Thursday. The company’s 50 day simple moving average is $28.56 and its 200 day simple moving average is $26.45. Sprott Physical Gold Trust has a 1 year low of $19.63 and a 1 year high of $33.31.

Sprott Physical Gold Trust 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.