Jupiter Asset Management Ltd. Has $92.91 Million Stock Position in Sprott Physical Gold Trust $PHYS

Jupiter Asset Management Ltd. boosted its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 39.8% during the third quarter, Holdings Channel.com reports. The institutional investor owned 3,145,855 shares of the exchange traded fund’s stock after acquiring an additional 896,347 shares during the quarter. Sprott Physical Gold Trust accounts for approximately 0.8% of Jupiter Asset Management Ltd.’s portfolio, making the stock its 24th largest position. Jupiter Asset Management Ltd.’s holdings in Sprott Physical Gold Trust were worth $92,913,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of PHYS. Wealthcare Advisory Partners LLC boosted its stake in shares of Sprott Physical Gold Trust by 3.6% during the 3rd quarter. Wealthcare Advisory Partners LLC now owns 505,526 shares of the exchange traded fund’s stock worth $14,974,000 after acquiring an additional 17,368 shares during the period. JPMorgan Chase & Co. lifted its holdings in Sprott Physical Gold Trust by 14.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 342,904 shares of the exchange traded fund’s stock valued at $10,157,000 after purchasing an additional 43,421 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Sprott Physical Gold Trust by 1.3% during the third quarter. PNC Financial Services Group Inc. now owns 218,238 shares of the exchange traded fund’s stock worth $6,464,000 after purchasing an additional 2,832 shares during the period. HighTower Advisors LLC increased its holdings in shares of Sprott Physical Gold Trust by 9.0% in the third quarter. HighTower Advisors LLC now owns 1,058,006 shares of the exchange traded fund’s stock valued at $31,338,000 after purchasing an additional 86,944 shares during the last quarter. Finally, New Harbor Financial Group LLC raised its position in shares of Sprott Physical Gold Trust by 8.0% in the third quarter. New Harbor Financial Group LLC now owns 94,272 shares of the exchange traded fund’s stock valued at $2,792,000 after purchasing an additional 6,948 shares during the period.

Sprott Physical Gold Trust Stock Performance

NYSEARCA PHYS opened at $37.84 on Friday. The firm has a 50-day moving average of $35.68 and a 200-day moving average of $31.56. Sprott Physical Gold Trust has a 52-week low of $21.96 and a 52-week high of $42.07.

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.