CENTRAL TRUST Co bought a new position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS – Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 6,498,300 shares of the exchange traded fund’s stock, valued at approximately $203,202,000. Sprott Physical Gold Trust accounts for 3.6% of CENTRAL TRUST Co’s investment portfolio, making the stock its 4th biggest position. CENTRAL TRUST Co owned about 1.34% of Sprott Physical Gold Trust at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Tidal Investments LLC grew its stake in Sprott Physical Gold Trust by 70.5% in the 2nd quarter. Tidal Investments LLC now owns 774,770 shares of the exchange traded fund’s stock valued at $23,375,000 after buying an additional 320,296 shares in the last quarter. Citadel Advisors LLC bought a new stake in Sprott Physical Gold Trust during the 2nd quarter valued at $592,000. Founders Financial Securities LLC purchased a new stake in shares of Sprott Physical Gold Trust during the third quarter worth $538,000. Highland Investment Advisors LLC purchased a new stake in shares of Sprott Physical Gold Trust during the second quarter worth $660,000. Finally, Compass Financial Management LLC purchased a new stake in shares of Sprott Physical Gold Trust during the second quarter worth $1,161,000.
Sprott Physical Gold Trust Stock Down 1.2%
Sprott Physical Gold Trust stock opened at $30.10 on Thursday. Sprott Physical Gold Trust has a one year low of $29.27 and a one year high of $42.07. The business has a fifty day moving average price of $31.55 and a 200-day moving average price of $33.82.
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.
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