Sprott Physical Gold Trust $PHYS Shares Purchased by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. grew its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 15.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,249,508 shares of the exchange traded fund’s stock after acquiring an additional 296,330 shares during the period. Jupiter Asset Management Ltd.’s holdings in Sprott Physical Gold Trust were worth $56,811,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. HB Wealth Management LLC purchased a new stake in Sprott Physical Gold Trust in the second quarter valued at approximately $211,000. IFP Advisors Inc raised its holdings in shares of Sprott Physical Gold Trust by 40.4% during the 1st quarter. IFP Advisors Inc now owns 37,759 shares of the exchange traded fund’s stock valued at $908,000 after buying an additional 10,872 shares during the period. Brown Advisory Inc. acquired a new position in shares of Sprott Physical Gold Trust during the first quarter worth $241,000. Kestra Private Wealth Services LLC boosted its position in Sprott Physical Gold Trust by 2.6% in the 1st quarter. Kestra Private Wealth Services LLC now owns 52,283 shares of the exchange traded fund’s stock valued at $1,258,000 after buying an additional 1,349 shares during the last quarter. Finally, Assetmark Inc. acquired a new position in shares of Sprott Physical Gold Trust in the 1st quarter valued at approximately $31,000.

Sprott Physical Gold Trust Trading Up 0.5%

NYSEARCA:PHYS opened at $31.43 on Wednesday. The stock has a 50-day simple moving average of $29.80 and a 200 day simple moving average of $27.05. Sprott Physical Gold Trust has a one year low of $19.63 and a one year high of $33.31.

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.