Townsquare Capital LLC Increases Holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Townsquare Capital LLC boosted its position in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 71.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 48,601 shares of the exchange traded fund’s stock after purchasing an additional 20,175 shares during the period. Townsquare Capital LLC’s holdings in Sprott Physical Gold Trust were worth $979,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of PHYS. Jones Financial Companies Lllp purchased a new stake in Sprott Physical Gold Trust during the 4th quarter valued at about $39,000. Smartleaf Asset Management LLC purchased a new stake in shares of Sprott Physical Gold Trust during the fourth quarter valued at approximately $40,000. Smithfield Trust Co purchased a new stake in shares of Sprott Physical Gold Trust during the fourth quarter valued at approximately $50,000. Creative Financial Designs Inc. ADV purchased a new position in shares of Sprott Physical Gold Trust in the fourth quarter worth $50,000. Finally, Salomon & Ludwin LLC bought a new stake in Sprott Physical Gold Trust during the 4th quarter valued at $65,000.

Sprott Physical Gold Trust Price Performance

Shares of Sprott Physical Gold Trust stock opened at $25.51 on Friday. The company’s fifty day simple moving average is $23.32 and its two-hundred day simple moving average is $21.63. Sprott Physical Gold Trust has a 12-month low of $17.64 and a 12-month high of $25.63.

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.