Chicago Capital LLC Boosts Holdings in Sprott Physical Gold Trust $PHYS

Chicago Capital LLC raised its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 1.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 186,978 shares of the exchange traded fund’s stock after purchasing an additional 3,000 shares during the period. Chicago Capital LLC’s holdings in Sprott Physical Gold Trust were worth $4,740,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PHYS. NBC Securities Inc. lifted its holdings in Sprott Physical Gold Trust by 111,150.0% during the first quarter. NBC Securities Inc. now owns 2,225 shares of the exchange traded fund’s stock valued at $53,000 after purchasing an additional 2,223 shares in the last quarter. Merit Financial Group LLC grew its holdings in shares of Sprott Physical Gold Trust by 20.5% during the first quarter. Merit Financial Group LLC now owns 34,287 shares of the exchange traded fund’s stock worth $825,000 after buying an additional 5,831 shares in the last quarter. Apella Capital LLC purchased a new stake in shares of Sprott Physical Gold Trust during the first quarter worth $2,283,000. SMI Advisory Services LLC raised its position in shares of Sprott Physical Gold Trust by 59.5% in the first quarter. SMI Advisory Services LLC now owns 345,285 shares of the exchange traded fund’s stock valued at $7,879,000 after buying an additional 128,816 shares during the last quarter. Finally, Veracity Capital LLC raised its position in shares of Sprott Physical Gold Trust by 2.2% in the first quarter. Veracity Capital LLC now owns 19,380 shares of the exchange traded fund’s stock valued at $466,000 after buying an additional 419 shares during the last quarter.

Sprott Physical Gold Trust Trading Up 1.8%

Shares of NYSEARCA PHYS opened at $29.32 on Tuesday. The firm has a 50-day simple moving average of $26.76 and a 200-day simple moving average of $25.61. Sprott Physical Gold Trust has a 52 week low of $19.63 and a 52 week high of $29.34.

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.