Sprott Physical Gold Trust $PHYS Shares Bought by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc grew its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 88.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 505,278 shares of the exchange traded fund’s stock after acquiring an additional 237,072 shares during the period. Sprott Physical Gold Trust makes up approximately 2.9% of K.J. Harrison & Partners Inc’s portfolio, making the stock its 4th largest position. K.J. Harrison & Partners Inc’s holdings in Sprott Physical Gold Trust were worth $17,903,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Enclave Advisors LLC acquired a new position in shares of Sprott Physical Gold Trust during the 4th quarter worth $3,022,000. BCS Wealth Management grew its stake in Sprott Physical Gold Trust by 99.1% in the 4th quarter. BCS Wealth Management now owns 55,738 shares of the exchange traded fund’s stock valued at $1,840,000 after acquiring an additional 27,744 shares during the last quarter. Cyndeo Wealth Partners LLC grew its stake in Sprott Physical Gold Trust by 4.3% in the 4th quarter. Cyndeo Wealth Partners LLC now owns 696,431 shares of the exchange traded fund’s stock valued at $22,996,000 after acquiring an additional 28,702 shares during the last quarter. Brookwood Investment Group LLC grew its stake in Sprott Physical Gold Trust by 47.4% in the 4th quarter. Brookwood Investment Group LLC now owns 59,805 shares of the exchange traded fund’s stock valued at $1,975,000 after acquiring an additional 19,237 shares during the last quarter. Finally, Spirepoint Private Client LLC increased its holdings in Sprott Physical Gold Trust by 20.9% during the 4th quarter. Spirepoint Private Client LLC now owns 86,865 shares of the exchange traded fund’s stock valued at $2,868,000 after acquiring an additional 15,040 shares in the last quarter.

Sprott Physical Gold Trust Stock Performance

Shares of PHYS opened at $31.08 on Friday. Sprott Physical Gold Trust has a 12-month low of $25.00 and a 12-month high of $42.07. The company has a 50-day moving average of $33.29 and a two-hundred day moving average of $35.24.

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.