Sprott Physical Gold Trust $PHYS Shares Purchased by JP Wealth Management Inc.

JP Wealth Management Inc. boosted its position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 29.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 429,770 shares of the exchange traded fund’s stock after purchasing an additional 96,635 shares during the period. Sprott Physical Gold Trust accounts for 10.0% of JP Wealth Management Inc.’s investment portfolio, making the stock its 5th biggest holding. JP Wealth Management Inc. owned 0.09% of Sprott Physical Gold Trust worth $14,191,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Jupiter Asset Management Ltd. lifted its holdings in shares of Sprott Physical Gold Trust by 39.8% in the third quarter. Jupiter Asset Management Ltd. now owns 3,145,855 shares of the exchange traded fund’s stock valued at $92,913,000 after purchasing an additional 896,347 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Sprott Physical Gold Trust by 65.8% during the second quarter. Jane Street Group LLC now owns 1,618,276 shares of the exchange traded fund’s stock valued at $41,023,000 after buying an additional 642,224 shares in the last quarter. Cerity Partners LLC raised its position in Sprott Physical Gold Trust by 552.0% during the third quarter. Cerity Partners LLC now owns 508,322 shares of the exchange traded fund’s stock valued at $15,057,000 after buying an additional 430,358 shares during the period. CENTRAL TRUST Co raised its position in Sprott Physical Gold Trust by 9.1% during the third quarter. CENTRAL TRUST Co now owns 4,649,181 shares of the exchange traded fund’s stock valued at $137,709,000 after buying an additional 388,033 shares during the period. Finally, Sprott Inc. lifted its stake in Sprott Physical Gold Trust by 16.6% in the 3rd quarter. Sprott Inc. now owns 2,265,812 shares of the exchange traded fund’s stock worth $67,115,000 after acquiring an additional 323,383 shares in the last quarter.

Sprott Physical Gold Trust Stock Performance

Shares of NYSEARCA PHYS opened at $34.14 on Tuesday. Sprott Physical Gold Trust has a one year low of $22.72 and a one year high of $42.07. The business has a 50-day moving average price of $37.59 and a two-hundred day moving average price of $33.74.

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