2,500 Shares in Sprott Physical Gold Trust (NYSEARCA:PHYS) Purchased by Smithfield Trust Co

Smithfield Trust Co purchased a new position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,500 shares of the exchange traded fund’s stock, valued at approximately $50,000.

A number of other hedge funds have also bought and sold shares of the business. Pekin Hardy Strauss Inc. increased its position in Sprott Physical Gold Trust by 3.6% during the fourth quarter. Pekin Hardy Strauss Inc. now owns 4,196,788 shares of the exchange traded fund’s stock worth $84,523,000 after acquiring an additional 144,824 shares during the period. Captrust Financial Advisors grew its stake in Sprott Physical Gold Trust by 13.9% during the third quarter. Captrust Financial Advisors now owns 2,277,485 shares of the exchange traded fund’s stock worth $46,415,000 after buying an additional 277,117 shares in the last quarter. Sprott Inc. grew its stake in Sprott Physical Gold Trust by 14.9% during the fourth quarter. Sprott Inc. now owns 2,087,486 shares of the exchange traded fund’s stock worth $42,043,000 after buying an additional 270,064 shares in the last quarter. IMC Chicago LLC grew its stake in Sprott Physical Gold Trust by 5,078.7% during the fourth quarter. IMC Chicago LLC now owns 2,025,763 shares of the exchange traded fund’s stock worth $40,799,000 after buying an additional 1,986,646 shares in the last quarter. Finally, Matauro LLC acquired a new stake in Sprott Physical Gold Trust during the fourth quarter worth about $40,017,000.

Sprott Physical Gold Trust Trading Up 0.5 %

Shares of Sprott Physical Gold Trust stock opened at $22.74 on Thursday. Sprott Physical Gold Trust has a 12-month low of $16.57 and a 12-month high of $22.91. The firm’s 50-day moving average price is $21.48 and its two-hundred day moving average price is $20.73.

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.