New Republic Capital LLC Buys Shares of 8,323 Sprott Physical Gold Trust (NYSEARCA:PHYS)

New Republic Capital LLC bought a new stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 8,323 shares of the exchange traded fund’s stock, valued at approximately $200,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PHYS. Veracity Capital LLC grew its holdings in shares of Sprott Physical Gold Trust by 2.2% during the 1st quarter. Veracity Capital LLC now owns 19,380 shares of the exchange traded fund’s stock worth $466,000 after purchasing an additional 419 shares in the last quarter. Sigma Planning Corp grew its holdings in shares of Sprott Physical Gold Trust by 0.7% during the 1st quarter. Sigma Planning Corp now owns 63,985 shares of the exchange traded fund’s stock worth $1,539,000 after purchasing an additional 425 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Sprott Physical Gold Trust by 4.2% during the 1st quarter. Sequoia Financial Advisors LLC now owns 13,259 shares of the exchange traded fund’s stock worth $319,000 after purchasing an additional 535 shares in the last quarter. BIP Wealth LLC lifted its position in shares of Sprott Physical Gold Trust by 0.6% during the 4th quarter. BIP Wealth LLC now owns 104,482 shares of the exchange traded fund’s stock worth $2,104,000 after buying an additional 612 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of Sprott Physical Gold Trust by 4.0% during the 1st quarter. Bank of New York Mellon Corp now owns 18,731 shares of the exchange traded fund’s stock worth $451,000 after buying an additional 729 shares during the period.

Sprott Physical Gold Trust Stock Performance

Sprott Physical Gold Trust stock opened at $25.42 on Tuesday. Sprott Physical Gold Trust has a one year low of $18.38 and a one year high of $26.42. The business has a 50 day simple moving average of $25.58 and a 200 day simple moving average of $24.09.

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.