Royal Bank of Canada Has $321.27 Million Position in Sprott Physical Gold Trust $PHYS

Royal Bank of Canada lessened its position in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 4.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,065,043 shares of the exchange traded fund’s stock after selling 451,010 shares during the period. Royal Bank of Canada owned about 1.90% of Sprott Physical Gold Trust worth $321,266,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of PHYS. Heritage Wealth Advisors bought a new stake in shares of Sprott Physical Gold Trust in the 4th quarter valued at about $169,676,000. IMC Chicago LLC grew its holdings in Sprott Physical Gold Trust by 494.3% during the first quarter. IMC Chicago LLC now owns 2,449,218 shares of the exchange traded fund’s stock worth $86,800,000 after purchasing an additional 2,037,133 shares during the period. CENTRAL TRUST Co increased its position in Sprott Physical Gold Trust by 26.3% during the first quarter. CENTRAL TRUST Co now owns 5,542,655 shares of the exchange traded fund’s stock worth $196,432,000 after buying an additional 1,154,326 shares during the last quarter. 3EDGE Asset Management LP acquired a new position in Sprott Physical Gold Trust during the fourth quarter worth approximately $31,652,000. Finally, WIT Partners Advisory Pte. Ltd. raised its stake in Sprott Physical Gold Trust by 340.5% in the first quarter. WIT Partners Advisory Pte. Ltd. now owns 941,220 shares of the exchange traded fund’s stock valued at $33,357,000 after buying an additional 727,533 shares during the period.

Sprott Physical Gold Trust Stock Performance

NYSEARCA:PHYS opened at $30.57 on Thursday. Sprott Physical Gold Trust has a 12-month low of $25.00 and a 12-month high of $42.07. The stock’s 50 day moving average price is $31.70 and its two-hundred day moving average price is $34.88.

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.