Sprott Physical Gold Trust $PHYS Shares Acquired by JP Wealth Management Inc.

JP Wealth Management Inc. raised its stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 29.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 429,770 shares of the exchange traded fund’s stock after buying an additional 96,635 shares during the quarter. Sprott Physical Gold Trust accounts for about 10.0% of JP Wealth Management Inc.’s holdings, making the stock its 5th biggest position. JP Wealth Management Inc.’s holdings in Sprott Physical Gold Trust were worth $14,191,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Transce3nd LLC boosted its stake in shares of Sprott Physical Gold Trust by 129.5% during the 2nd quarter. Transce3nd LLC now owns 1,515 shares of the exchange traded fund’s stock valued at $38,000 after buying an additional 855 shares during the period. Eastern Bank purchased a new position in shares of Sprott Physical Gold Trust during the 4th quarter valued at $47,000. Strategic Advocates LLC acquired a new position in shares of Sprott Physical Gold Trust in the third quarter worth $51,000. Franklin Resources Inc. acquired a new position in shares of Sprott Physical Gold Trust in the third quarter worth $74,000. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Sprott Physical Gold Trust by 80.1% during the second quarter. Smartleaf Asset Management LLC now owns 3,937 shares of the exchange traded fund’s stock worth $98,000 after acquiring an additional 1,751 shares in the last quarter.

Sprott Physical Gold Trust Trading Up 0.1%

Shares of NYSEARCA:PHYS opened at $34.14 on Tuesday. Sprott Physical Gold Trust has a 1 year low of $22.72 and a 1 year high of $42.07. The business has a fifty day simple moving average of $37.59 and a 200 day simple moving average of $33.74.

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.