178,055 Shares in Sprott Physical Gold Trust $PHYS Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. acquired a new position in Sprott Physical Gold Trust (NYSEARCA:PHYS) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 178,055 shares of the exchange traded fund’s stock, valued at approximately $5,568,000.

Several other institutional investors and hedge funds have also recently modified their holdings of PHYS. Evanson Financial LLC purchased a new position in shares of Sprott Physical Gold Trust during the 2nd quarter valued at $108,576,000. IMC Chicago LLC increased its stake in Sprott Physical Gold Trust by 494.3% in the 1st quarter. IMC Chicago LLC now owns 2,449,218 shares of the exchange traded fund’s stock worth $86,800,000 after buying an additional 2,037,133 shares in the last quarter. Cetera Investment Advisers increased its stake in Sprott Physical Gold Trust by 5.6% in the 1st quarter. Cetera Investment Advisers now owns 1,726,789 shares of the exchange traded fund’s stock worth $61,197,000 after buying an additional 91,695 shares in the last quarter. WIT Partners Advisory Pte. Ltd. increased its stake in Sprott Physical Gold Trust by 48.9% in the 2nd quarter. WIT Partners Advisory Pte. Ltd. now owns 1,401,170 shares of the exchange traded fund’s stock worth $42,273,000 after buying an additional 459,950 shares in the last quarter. Finally, Kestra Advisory Services LLC raised its holdings in Sprott Physical Gold Trust by 39.7% during the first quarter. Kestra Advisory Services LLC now owns 1,347,193 shares of the exchange traded fund’s stock valued at $47,745,000 after acquiring an additional 382,603 shares during the period.

Sprott Physical Gold Trust Price Performance

NYSEARCA:PHYS opened at $30.78 on Thursday. The business’s 50-day simple moving average is $32.37 and its two-hundred day simple moving average is $34.09. Sprott Physical Gold Trust has a 52 week low of $29.58 and a 52 week high of $42.07.

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. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.