Matrix Private Capital Group LLC Makes New $2.50 Million Investment in Sprott Physical Gold Trust $PHYS

Matrix Private Capital Group LLC acquired a new stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 70,408 shares of the exchange traded fund’s stock, valued at approximately $2,495,000. Sprott Physical Gold Trust makes up approximately 1.2% of Matrix Private Capital Group LLC’s portfolio, making the stock its 21st largest position.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Sprott Physical Gold Trust during the fourth quarter worth about $33,000. Financial Management Professionals Inc. purchased a new position in Sprott Physical Gold Trust in the 4th quarter worth $36,000. Scarborough Advisors LLC increased its holdings in shares of Sprott Physical Gold Trust by 2,202.0% in the first quarter. Scarborough Advisors LLC now owns 1,151 shares of the exchange traded fund’s stock worth $41,000 after buying an additional 1,101 shares during the period. Eastern Bank bought a new stake in Sprott Physical Gold Trust in the fourth quarter valued at approximately $47,000. Finally, Main Street Group LTD bought a new stake in Sprott Physical Gold Trust during the 1st quarter valued at $54,000.

Sprott Physical Gold Trust Trading Up 0.1%

Sprott Physical Gold Trust stock opened at $30.64 on Friday. Sprott Physical Gold Trust has a 1-year low of $25.00 and a 1-year high of $42.07. The firm has a 50-day moving average of $31.92 and a 200-day moving average of $34.94.

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.