Forest Hill Capital LLC Acquires 1,448,500 Shares of Sprott Physical Gold Trust $PHYS

Forest Hill Capital LLC bought a new position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,448,500 shares of the exchange traded fund’s stock, valued at approximately $45,295,000. Sprott Physical Gold Trust comprises about 32.0% of Forest Hill Capital LLC’s holdings, making the stock its largest position. Forest Hill Capital LLC owned 0.30% of Sprott Physical Gold Trust at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. Tidal Investments LLC boosted its position in shares of Sprott Physical Gold Trust by 70.5% during the 2nd quarter. Tidal Investments LLC now owns 774,770 shares of the exchange traded fund’s stock valued at $23,375,000 after purchasing an additional 320,296 shares in the last quarter. Citadel Advisors LLC bought a new stake in shares of Sprott Physical Gold Trust in the 2nd quarter valued at $592,000. Founders Financial Securities LLC acquired a new position in shares of Sprott Physical Gold Trust during the 3rd quarter valued at $538,000. Compass Financial Management LLC bought a new position in Sprott Physical Gold Trust during the second quarter worth $1,161,000. Finally, Highland Investment Advisors LLC acquired a new position in shares of Sprott Physical Gold Trust during the second quarter valued at about $660,000.

Sprott Physical Gold Trust Stock Performance

Shares of PHYS opened at $30.10 on Thursday. Sprott Physical Gold Trust has a one year low of $29.27 and a one year high of $42.07. The stock has a 50-day moving average of $31.55 and a 200-day moving average of $33.82.

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. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.