Eastern Bank Purchases Shares of 7,103 Sprott Physical Gold Trust (NYSEARCA:PHYS)

Eastern Bank acquired a new position in Sprott Physical Gold Trust (NYSEARCA:PHYS) during the third quarter, according to its most recent filing with the SEC. The firm acquired 7,103 shares of the exchange traded fund’s stock, valued at approximately $145,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Ndwm LLC boosted its holdings in shares of Sprott Physical Gold Trust by 34.7% during the 1st quarter. Ndwm LLC now owns 19,065 shares of the exchange traded fund’s stock valued at $330,000 after buying an additional 4,911 shares in the last quarter. Private Advisor Group LLC boosted its stake in Sprott Physical Gold Trust by 88.8% during the first quarter. Private Advisor Group LLC now owns 777,048 shares of the exchange traded fund’s stock worth $13,443,000 after acquiring an additional 365,371 shares in the last quarter. Concourse Financial Group Securities Inc. increased its stake in shares of Sprott Physical Gold Trust by 9.8% during the third quarter. Concourse Financial Group Securities Inc. now owns 6,893 shares of the exchange traded fund’s stock valued at $140,000 after purchasing an additional 615 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Sprott Physical Gold Trust during the first quarter valued at approximately $281,000. Finally, Raymond James & Associates lifted its holdings in shares of Sprott Physical Gold Trust by 32.8% during the second quarter. Raymond James & Associates now owns 924,659 shares of the exchange traded fund’s stock valued at $16,699,000 after purchasing an additional 228,541 shares during the last quarter.

Sprott Physical Gold Trust Stock Performance

Sprott Physical Gold Trust stock opened at $21.27 on Friday. Sprott Physical Gold Trust has a twelve month low of $15.09 and a twelve month high of $21.37. The stock’s 50 day moving average is $20.15 and its 200 day moving average is $18.98.

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.