Wolverine Asset Management LLC Buys Shares of 21,983 Sprott Physical Gold Trust (NYSEARCA:PHYS)

Wolverine Asset Management LLC purchased a new position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 21,983 shares of the exchange traded fund’s stock, valued at approximately $529,000.

Several other institutional investors have also modified their holdings of PHYS. Jane Street Group LLC grew its position in shares of Sprott Physical Gold Trust by 601.5% during the fourth quarter. Jane Street Group LLC now owns 1,989,077 shares of the exchange traded fund’s stock worth $40,060,000 after acquiring an additional 1,705,537 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Sprott Physical Gold Trust by 131.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,172,384 shares of the exchange traded fund’s stock valued at $28,208,000 after buying an additional 665,199 shares in the last quarter. Scotia Capital Inc. grew its position in Sprott Physical Gold Trust by 137.0% in the 1st quarter. Scotia Capital Inc. now owns 758,099 shares of the exchange traded fund’s stock valued at $18,262,000 after buying an additional 438,259 shares in the last quarter. Wealthcare Advisory Partners LLC grew its position in Sprott Physical Gold Trust by 338.9% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 541,704 shares of the exchange traded fund’s stock valued at $13,033,000 after buying an additional 418,273 shares in the last quarter. Finally, Avantax Advisory Services Inc. grew its position in Sprott Physical Gold Trust by 2,489.9% in the 1st quarter. Avantax Advisory Services Inc. now owns 412,105 shares of the exchange traded fund’s stock valued at $9,915,000 after buying an additional 396,193 shares in the last quarter.

Sprott Physical Gold Trust Trading Down 0.1%

Shares of PHYS opened at $26.06 on Monday. The firm has a 50-day moving average price of $25.65 and a 200 day moving average price of $24.39. Sprott Physical Gold Trust has a 52-week low of $18.79 and a 52-week high of $26.42.

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.