JPMorgan Chase & Co. Buys 43,421 Shares of Sprott Physical Gold Trust $PHYS

JPMorgan Chase & Co. raised its stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 14.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 342,904 shares of the exchange traded fund’s stock after buying an additional 43,421 shares during the period. JPMorgan Chase & Co.’s holdings in Sprott Physical Gold Trust were worth $10,157,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AQR Capital Management LLC bought a new position in shares of Sprott Physical Gold Trust in the 1st quarter valued at $260,000. Focus Partners Wealth acquired a new position in Sprott Physical Gold Trust in the 1st quarter worth about $200,000. Laurel Wealth Advisors LLC increased its holdings in Sprott Physical Gold Trust by 2,435.1% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 11,180 shares of the exchange traded fund’s stock worth $283,000 after purchasing an additional 10,739 shares in the last quarter. J.W. Cole Advisors Inc. raised its position in Sprott Physical Gold Trust by 16.1% in the second quarter. J.W. Cole Advisors Inc. now owns 69,385 shares of the exchange traded fund’s stock valued at $1,759,000 after purchasing an additional 9,617 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in Sprott Physical Gold Trust by 2.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 969,658 shares of the exchange traded fund’s stock valued at $24,581,000 after purchasing an additional 26,246 shares during the last quarter.

Sprott Physical Gold Trust Price Performance

Shares of PHYS stock opened at $34.11 on Friday. The business’s 50-day moving average price is $37.61 and its 200-day moving average price is $33.66. Sprott Physical Gold Trust has a 12 month low of $22.72 and a 12 month high of $42.07.

About Sprott Physical Gold Trust

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.