Concurrent Investment Advisors LLC Acquires New Stake in Sprott Physical Gold Trust $PHYS

Concurrent Investment Advisors LLC acquired a new stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,004 shares of the exchange traded fund’s stock, valued at approximately $558,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Royal Bank of Canada increased its holdings in Sprott Physical Gold Trust by 18.3% in the first quarter. Royal Bank of Canada now owns 7,917,978 shares of the exchange traded fund’s stock valued at $190,507,000 after purchasing an additional 1,225,695 shares during the period. Pekin Hardy Strauss Inc. grew its holdings in Sprott Physical Gold Trust by 0.7% during the 1st quarter. Pekin Hardy Strauss Inc. now owns 4,226,558 shares of the exchange traded fund’s stock worth $101,691,000 after acquiring an additional 29,770 shares during the period. IMC Chicago LLC grew its holdings in Sprott Physical Gold Trust by 2,849.6% during the 2nd quarter. IMC Chicago LLC now owns 3,204,243 shares of the exchange traded fund’s stock worth $81,228,000 after acquiring an additional 3,095,611 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in Sprott Physical Gold Trust by 2.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,367,177 shares of the exchange traded fund’s stock worth $56,954,000 after acquiring an additional 66,054 shares during the period. Finally, Jupiter Asset Management Ltd. grew its holdings in Sprott Physical Gold Trust by 10.9% during the 1st quarter. Jupiter Asset Management Ltd. now owns 1,953,178 shares of the exchange traded fund’s stock worth $47,062,000 after acquiring an additional 192,612 shares during the period.

Sprott Physical Gold Trust Trading Down 2.1%

Shares of Sprott Physical Gold Trust stock opened at $32.23 on Friday. The business has a 50-day moving average price of $28.19 and a two-hundred day moving average price of $26.28. Sprott Physical Gold Trust has a 1-year low of $19.63 and a 1-year high of $32.97.

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.