TIAA Trust National Association Buys 216,160 Shares of Sprott Physical Gold Trust $PHYS

TIAA Trust National Association increased its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 177.3% in the second quarter, Holdings Channel.com reports. The firm owned 338,085 shares of the exchange traded fund’s stock after buying an additional 216,160 shares during the quarter. TIAA Trust National Association’s holdings in Sprott Physical Gold Trust were worth $8,570,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PHYS. Ameriflex Group Inc. grew its stake in shares of Sprott Physical Gold Trust by 66.7% during the second quarter. Ameriflex Group Inc. now owns 1,000 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 400 shares during the last quarter. Tradewinds Capital Management LLC lifted its stake in shares of Sprott Physical Gold Trust by 59.8% in the 2nd quarter. Tradewinds Capital Management LLC now owns 1,088 shares of the exchange traded fund’s stock valued at $28,000 after acquiring an additional 407 shares during the last quarter. Cheviot Value Management LLC acquired a new stake in shares of Sprott Physical Gold Trust during the 1st quarter valued at $30,000. Assetmark Inc. bought a new stake in Sprott Physical Gold Trust during the 1st quarter worth $31,000. Finally, Hilltop National Bank acquired a new position in Sprott Physical Gold Trust in the 2nd quarter worth about $32,000.

Sprott Physical Gold Trust Trading Down 0.3%

Sprott Physical Gold Trust stock opened at $30.35 on Monday. The stock has a 50-day moving average price of $29.21 and a two-hundred day moving average price of $26.81. Sprott Physical Gold Trust has a 12 month low of $19.63 and a 12 month high of $33.31.

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.