StoneX Group Inc. Buys 69,252 Shares of Sprott Physical Gold Trust $PHYS

StoneX Group Inc. bought a new position in Sprott Physical Gold Trust (NYSEARCA:PHYS) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 69,252 shares of the exchange traded fund’s stock, valued at approximately $2,166,000.

A number of other hedge funds have also made changes to their positions in PHYS. Citadel Advisors LLC acquired a new stake in shares of Sprott Physical Gold Trust during the second quarter worth approximately $592,000. Tidal Investments LLC boosted its holdings in shares of Sprott Physical Gold Trust by 70.5% in the 2nd quarter. Tidal Investments LLC now owns 774,770 shares of the exchange traded fund’s stock worth $23,375,000 after acquiring an additional 320,296 shares in the last quarter. Founders Financial Securities LLC acquired a new position in shares of Sprott Physical Gold Trust in the 3rd quarter worth approximately $538,000. Compass Financial Management LLC acquired a new position in shares of Sprott Physical Gold Trust in the 2nd quarter worth approximately $1,161,000. Finally, Highland Investment Advisors LLC acquired a new position in shares of Sprott Physical Gold Trust in the 2nd quarter worth approximately $660,000.

Sprott Physical Gold Trust Stock Performance

NYSEARCA PHYS opened at $30.72 on Monday. Sprott Physical Gold Trust has a one year low of $29.27 and a one year high of $42.07. The stock’s 50 day simple moving average is $31.72 and its 200 day simple moving average is $33.92.

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.