One Capital Management LLC Takes Position in Sprott Physical Gold Trust $PHYS

One Capital Management LLC acquired a new stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) in the fourth quarter, HoldingsChannel reports. The fund acquired 21,500 shares of the exchange traded fund’s stock, valued at approximately $710,000.

Other institutional investors have also recently bought and sold shares of the company. ADE LLC lifted its holdings in shares of Sprott Physical Gold Trust by 7.5% during the 4th quarter. ADE LLC now owns 52,213 shares of the exchange traded fund’s stock valued at $1,724,000 after buying an additional 3,646 shares during the last quarter. Founders Financial Securities LLC acquired a new stake in shares of Sprott Physical Gold Trust during the 4th quarter valued at about $401,000. Jupiter Asset Management Ltd. lifted its holdings in shares of Sprott Physical Gold Trust by 9.9% during the 4th quarter. Jupiter Asset Management Ltd. now owns 3,457,370 shares of the exchange traded fund’s stock valued at $114,197,000 after buying an additional 311,515 shares during the last quarter. Foundations Investment Advisors LLC lifted its holdings in shares of Sprott Physical Gold Trust by 11.0% during the 4th quarter. Foundations Investment Advisors LLC now owns 32,213 shares of the exchange traded fund’s stock valued at $1,064,000 after buying an additional 3,200 shares during the last quarter. Finally, IFG Advisory LLC lifted its holdings in shares of Sprott Physical Gold Trust by 3.5% during the 4th quarter. IFG Advisory LLC now owns 16,072 shares of the exchange traded fund’s stock valued at $531,000 after buying an additional 544 shares during the last quarter.

Sprott Physical Gold Trust Trading Up 0.7%

Shares of Sprott Physical Gold Trust stock opened at $33.81 on Friday. Sprott Physical Gold Trust has a 52-week low of $24.86 and a 52-week high of $42.07. The stock has a 50-day simple moving average of $35.05 and a 200-day simple moving average of $35.33.

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.