Weiss Asset Management LP Takes $17.16 Million Position in Sprott Physical Gold Trust $PHYS

Weiss Asset Management LP bought a new position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 484,101 shares of the exchange traded fund’s stock, valued at approximately $17,157,000. Weiss Asset Management LP owned 0.10% of Sprott Physical Gold Trust at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Kohmann Bosshard Financial Services LLC acquired a new stake in Sprott Physical Gold Trust during the 4th quarter valued at $33,000. Financial Management Professionals Inc. bought a new position in Sprott Physical Gold Trust during the fourth quarter worth $36,000. Scarborough Advisors LLC increased its holdings in shares of Sprott Physical Gold Trust by 2,202.0% in the first quarter. Scarborough Advisors LLC now owns 1,151 shares of the exchange traded fund’s stock valued at $41,000 after purchasing an additional 1,101 shares during the last quarter. Eastern Bank acquired a new position in shares of Sprott Physical Gold Trust in the fourth quarter valued at $47,000. Finally, Main Street Group LTD acquired a new stake in shares of Sprott Physical Gold Trust during the 1st quarter worth about $54,000.

Sprott Physical Gold Trust Stock Performance

NYSEARCA PHYS opened at $30.64 on Friday. The firm has a 50-day moving average of $31.92 and a 200-day moving average of $34.94. Sprott Physical Gold Trust has a 52-week low of $25.00 and a 52-week high of $42.07.

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