Barometer Capital Management Inc. Invests $673,000 in Sprott Physical Gold Trust $PHYS

Barometer Capital Management Inc. acquired a new stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 19,000 shares of the exchange traded fund’s stock, valued at approximately $673,000.

A number of other hedge funds also recently made changes to their positions in the stock. Fiduciary Alliance LLC raised its stake in Sprott Physical Gold Trust by 4.4% during the 4th quarter. Fiduciary Alliance LLC now owns 7,195 shares of the exchange traded fund’s stock worth $238,000 after acquiring an additional 300 shares during the period. Latitude Advisors LLC boosted its position in shares of Sprott Physical Gold Trust by 1.0% in the fourth quarter. Latitude Advisors LLC now owns 30,540 shares of the exchange traded fund’s stock worth $1,008,000 after purchasing an additional 300 shares during the period. Principal Securities Inc. increased its stake in shares of Sprott Physical Gold Trust by 2.5% in the fourth quarter. Principal Securities Inc. now owns 12,600 shares of the exchange traded fund’s stock worth $416,000 after purchasing an additional 302 shares in the last quarter. Summit Financial Strategies Inc. increased its stake in shares of Sprott Physical Gold Trust by 5.3% in the first quarter. Summit Financial Strategies Inc. now owns 6,602 shares of the exchange traded fund’s stock worth $234,000 after purchasing an additional 330 shares in the last quarter. Finally, Euro Pacific Asset Management LLC raised its position in shares of Sprott Physical Gold Trust by 0.9% during the 4th quarter. Euro Pacific Asset Management LLC now owns 48,180 shares of the exchange traded fund’s stock valued at $1,591,000 after purchasing an additional 408 shares during the period.

Sprott Physical Gold Trust Stock Performance

PHYS opened at $30.84 on Wednesday. Sprott Physical Gold Trust has a fifty-two week low of $25.00 and a fifty-two week high of $42.07. The firm’s fifty day moving average is $32.17 and its 200 day moving average is $35.00.

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.