Galvin Gaustad & Stein LLC Makes New Investment in Sprott Physical Gold Trust $PHYS

Galvin Gaustad & Stein LLC bought a new position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) during the second quarter, HoldingsChannel.com reports. The firm bought 34,293 shares of the exchange traded fund’s stock, valued at approximately $869,000.

A number of other institutional investors also recently bought and sold shares of the company. Royal Bank of Canada boosted its position in Sprott Physical Gold Trust by 18.3% during the first quarter. Royal Bank of Canada now owns 7,917,978 shares of the exchange traded fund’s stock worth $190,507,000 after purchasing an additional 1,225,695 shares in the last quarter. Pekin Hardy Strauss Inc. lifted its position in shares of Sprott Physical Gold Trust by 0.7% in the first quarter. Pekin Hardy Strauss Inc. now owns 4,226,558 shares of the exchange traded fund’s stock valued at $101,691,000 after acquiring an additional 29,770 shares in the last quarter. IMC Chicago LLC lifted its position in shares of Sprott Physical Gold Trust by 2,849.6% in the second quarter. IMC Chicago LLC now owns 3,204,243 shares of the exchange traded fund’s stock valued at $81,228,000 after acquiring an additional 3,095,611 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Sprott Physical Gold Trust by 2.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,367,177 shares of the exchange traded fund’s stock valued at $56,954,000 after acquiring an additional 66,054 shares in the last quarter. Finally, Matauro LLC lifted its position in shares of Sprott Physical Gold Trust by 7.8% in the first quarter. Matauro LLC now owns 2,141,018 shares of the exchange traded fund’s stock valued at $51,513,000 after acquiring an additional 154,057 shares in the last quarter.

Sprott Physical Gold Trust Stock Performance

Shares of NYSEARCA:PHYS opened at $30.39 on Friday. Sprott Physical Gold Trust has a 52-week low of $19.63 and a 52-week high of $31.10. The stock’s fifty day simple moving average is $27.48 and its 200-day simple moving average is $25.95.

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.