J2 Capital Management Inc Boosts Holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS)

J2 Capital Management Inc increased its holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 35.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,278 shares of the exchange traded fund’s stock after purchasing an additional 7,945 shares during the period. Sprott Physical Gold Trust accounts for 0.7% of J2 Capital Management Inc’s holdings, making the stock its 21st biggest holding. J2 Capital Management Inc’s holdings in Sprott Physical Gold Trust were worth $728,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Jones Financial Companies Lllp purchased a new stake in shares of Sprott Physical Gold Trust during the 4th quarter worth approximately $39,000. Smartleaf Asset Management LLC purchased a new stake in shares of Sprott Physical Gold Trust during the 4th quarter worth approximately $40,000. Smithfield Trust Co purchased a new stake in shares of Sprott Physical Gold Trust during the 4th quarter worth approximately $50,000. Creative Financial Designs Inc. ADV purchased a new stake in shares of Sprott Physical Gold Trust during the 4th quarter worth approximately $50,000. Finally, Salomon & Ludwin LLC purchased a new stake in shares of Sprott Physical Gold Trust during the 4th quarter worth approximately $65,000.

Sprott Physical Gold Trust Stock Down 0.6%

Shares of PHYS opened at $25.19 on Friday. Sprott Physical Gold Trust has a 1 year low of $17.80 and a 1 year high of $26.36. The business’s 50 day simple moving average is $24.76 and its 200-day simple moving average is $22.53.

Sprott Physical Gold Trust Company 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.