Sprott Physical Gold Trust (NYSEARCA:PHYS) Stock Position Lifted by Mather Group LLC.

Mather Group LLC. grew its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 773.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,005 shares of the exchange traded fund’s stock after purchasing an additional 15,943 shares during the quarter. Mather Group LLC.’s holdings in Sprott Physical Gold Trust were worth $311,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Ndwm LLC grew its position in Sprott Physical Gold Trust by 34.7% in the 1st quarter. Ndwm LLC now owns 19,065 shares of the exchange traded fund’s stock valued at $330,000 after buying an additional 4,911 shares in the last quarter. Private Advisor Group LLC raised its holdings in Sprott Physical Gold Trust by 88.8% during the first quarter. Private Advisor Group LLC now owns 777,048 shares of the exchange traded fund’s stock worth $13,443,000 after purchasing an additional 365,371 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Sprott Physical Gold Trust in the first quarter worth approximately $281,000. Cetera Investment Advisers lifted its position in Sprott Physical Gold Trust by 791.8% in the first quarter. Cetera Investment Advisers now owns 1,091,188 shares of the exchange traded fund’s stock worth $18,878,000 after purchasing an additional 968,835 shares during the period. Finally, ORG Partners LLC bought a new position in Sprott Physical Gold Trust during the 1st quarter valued at $4,046,000.

Sprott Physical Gold Trust Stock Up 0.4 %

Shares of PHYS traded up $0.07 during midday trading on Wednesday, reaching $18.66. The stock had a trading volume of 581,383 shares, compared to its average volume of 1,994,140. The firm’s 50 day moving average price is $18.37 and its 200-day moving average price is $17.52. Sprott Physical Gold Trust has a 52 week low of $14.00 and a 52 week high of $19.24.

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.