Spectrum Asset Management Inc. NB CA acquired a new stake in Sprott Physical Gold Trust (NYSEARCA:PHYS – Get Rating) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 17,880 shares of the exchange traded fund's stock, valued at approximately $252,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CENTRAL TRUST Co lifted its holdings in shares of Sprott Physical Gold Trust by 3.9% during the 3rd quarter. CENTRAL TRUST Co now owns 7,613,320 shares of the exchange traded fund's stock worth $97,451,000 after acquiring an additional 282,591 shares during the period. Evanson Asset Management LLC lifted its holdings in Sprott Physical Gold Trust by 0.3% in the 3rd quarter. Evanson Asset Management LLC now owns 7,160,061 shares of the exchange traded fund's stock valued at $91,649,000 after acquiring an additional 21,093 shares during the last quarter. Royal Bank of Canada lifted its holdings in Sprott Physical Gold Trust by 30.0% in the 1st quarter. Royal Bank of Canada now owns 6,120,005 shares of the exchange traded fund's stock valued at $94,064,000 after acquiring an additional 1,413,756 shares during the last quarter. Jupiter Asset Management Ltd. raised its holdings in Sprott Physical Gold Trust by 14.6% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 4,720,104 shares of the exchange traded fund's stock worth $60,417,000 after buying an additional 601,916 shares during the period. Finally, SMI Advisory Services LLC raised its holdings in Sprott Physical Gold Trust by 7.9% during the 3rd quarter. SMI Advisory Services LLC now owns 3,345,639 shares of the exchange traded fund's stock worth $42,824,000 after buying an additional 243,753 shares during the period.
Get Sprott Physical Gold Trust alerts:Sprott Physical Gold Trust Price Performance
Shares of PHYS traded down $0.06 during trading hours on Friday, reaching $15.75. The company's stock had a trading volume of 5,338,217 shares, compared to its average volume of 2,276,710. The company has a 50 day moving average of $14.72 and a two-hundred day moving average of $13.97. Sprott Physical Gold Trust has a 1-year low of $12.48 and a 1-year high of $15.84.
Sprott Physical Gold Trust Company Profile
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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.
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