IMC Chicago LLC Has $86.80 Million Stock Holdings in Sprott Physical Gold Trust $PHYS

IMC Chicago LLC boosted its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 494.3% during the first quarter, HoldingsChannel reports. The fund owned 2,449,218 shares of the exchange traded fund’s stock after purchasing an additional 2,037,133 shares during the quarter. IMC Chicago LLC’s holdings in Sprott Physical Gold Trust were worth $86,800,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Royal Bank of Canada raised its stake in shares of Sprott Physical Gold Trust by 8.2% during the fourth quarter. Royal Bank of Canada now owns 9,516,053 shares of the exchange traded fund’s stock valued at $314,220,000 after acquiring an additional 724,321 shares during the last quarter. Federation des caisses Desjardins du Quebec grew its stake in shares of Sprott Physical Gold Trust by 2.3% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 5,589,846 shares of the exchange traded fund’s stock worth $184,642,000 after purchasing an additional 125,087 shares during the last quarter. CENTRAL TRUST Co grew its stake in shares of Sprott Physical Gold Trust by 26.3% in the first quarter. CENTRAL TRUST Co now owns 5,542,655 shares of the exchange traded fund’s stock worth $196,432,000 after purchasing an additional 1,154,326 shares during the last quarter. Heritage Wealth Advisors acquired a new stake in Sprott Physical Gold Trust in the fourth quarter valued at $169,676,000. Finally, Pekin Hardy Strauss Inc. increased its holdings in Sprott Physical Gold Trust by 1.3% in the fourth quarter. Pekin Hardy Strauss Inc. now owns 4,318,119 shares of the exchange traded fund’s stock valued at $142,584,000 after purchasing an additional 56,549 shares during the period.

Sprott Physical Gold Trust Stock Down 0.0%

Shares of NYSEARCA:PHYS opened at $30.57 on Thursday. Sprott Physical Gold Trust has a 12-month low of $25.00 and a 12-month high of $42.07. The business has a fifty day simple moving average of $32.60 and a 200 day simple moving average of $35.09.

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.