50,900 Shares in Sprott Physical Gold Trust (NYSEARCA:PHYS) Acquired by Summit Trail Advisors LLC

Summit Trail Advisors LLC purchased a new stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 50,900 shares of the exchange traded fund’s stock, valued at approximately $1,037,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ancora Advisors LLC increased its position in shares of Sprott Physical Gold Trust by 2.0% in the 1st quarter. Ancora Advisors LLC now owns 236,385 shares of the exchange traded fund’s stock valued at $4,089,000 after acquiring an additional 4,571 shares during the period. Bluefin Capital Management LLC raised its stake in shares of Sprott Physical Gold Trust by 478.6% in the first quarter. Bluefin Capital Management LLC now owns 2,023,920 shares of the exchange traded fund’s stock worth $35,014,000 after purchasing an additional 1,674,108 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of Sprott Physical Gold Trust by 791.8% during the first quarter. Cetera Investment Advisers now owns 1,091,188 shares of the exchange traded fund’s stock worth $18,878,000 after purchasing an additional 968,835 shares during the period. Cetera Advisors LLC boosted its position in Sprott Physical Gold Trust by 192.5% in the first quarter. Cetera Advisors LLC now owns 93,895 shares of the exchange traded fund’s stock valued at $1,624,000 after buying an additional 61,789 shares during the last quarter. Finally, TruNorth Capital Management LLC acquired a new position in Sprott Physical Gold Trust in the 1st quarter worth approximately $926,000.

Sprott Physical Gold Trust Stock Performance

Shares of NYSEARCA PHYS opened at $20.17 on Tuesday. The company has a 50 day simple moving average of $20.64 and a two-hundred day simple moving average of $19.38. Sprott Physical Gold Trust has a 12 month low of $15.31 and a 12 month high of $21.70.

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.