Jupiter Asset Management Ltd. Has $92.91 Million Position in Sprott Physical Gold Trust $PHYS

Jupiter Asset Management Ltd. lifted its holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 39.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,145,855 shares of the exchange traded fund’s stock after purchasing an additional 896,347 shares during the quarter. Sprott Physical Gold Trust comprises 0.8% of Jupiter Asset Management Ltd.’s holdings, making the stock its 24th biggest position. Jupiter Asset Management Ltd. owned approximately 0.67% of Sprott Physical Gold Trust worth $92,913,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. World Investment Advisors lifted its position in Sprott Physical Gold Trust by 36.4% during the 3rd quarter. World Investment Advisors now owns 192,058 shares of the exchange traded fund’s stock worth $5,689,000 after buying an additional 51,243 shares in the last quarter. D.A. Davidson & CO. acquired a new stake in shares of Sprott Physical Gold Trust in the third quarter valued at about $883,000. Concurrent Investment Advisors LLC increased its position in shares of Sprott Physical Gold Trust by 129.2% in the third quarter. Concurrent Investment Advisors LLC now owns 50,432 shares of the exchange traded fund’s stock valued at $1,494,000 after acquiring an additional 28,428 shares during the last quarter. Avantax Advisory Services Inc. boosted its position in Sprott Physical Gold Trust by 32.3% during the second quarter. Avantax Advisory Services Inc. now owns 545,100 shares of the exchange traded fund’s stock valued at $13,818,000 after purchasing an additional 132,995 shares during the last quarter. Finally, CWM LLC boosted its position in Sprott Physical Gold Trust by 64.0% during the third quarter. CWM LLC now owns 70,078 shares of the exchange traded fund’s stock valued at $2,076,000 after purchasing an additional 27,355 shares during the last quarter.

Sprott Physical Gold Trust Stock Up 0.7%

NYSEARCA:PHYS opened at $37.84 on Friday. Sprott Physical Gold Trust has a twelve month low of $21.96 and a twelve month high of $42.07. The stock’s 50 day moving average price is $35.68 and its two-hundred day moving average price is $31.56.

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. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.