IMC Chicago LLC Increases Holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS)

IMC Chicago LLC raised its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 5,078.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,025,763 shares of the exchange traded fund’s stock after buying an additional 1,986,646 shares during the period. IMC Chicago LLC’s holdings in Sprott Physical Gold Trust were worth $40,799,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of PHYS. Brookstone Capital Management increased its stake in shares of Sprott Physical Gold Trust by 21.3% in the 3rd quarter. Brookstone Capital Management now owns 159,593 shares of the exchange traded fund’s stock worth $3,253,000 after purchasing an additional 28,044 shares in the last quarter. Montis Financial LLC increased its stake in shares of Sprott Physical Gold Trust by 2.8% in the 3rd quarter. Montis Financial LLC now owns 90,659 shares of the exchange traded fund’s stock worth $1,848,000 after purchasing an additional 2,500 shares in the last quarter. Concourse Financial Group Securities Inc. increased its stake in shares of Sprott Physical Gold Trust by 9.8% in the 3rd quarter. Concourse Financial Group Securities Inc. now owns 6,893 shares of the exchange traded fund’s stock worth $140,000 after purchasing an additional 615 shares in the last quarter. Oliver Luxxe Assets LLC purchased a new stake in shares of Sprott Physical Gold Trust in the 3rd quarter worth $203,000. Finally, Vontobel Holding Ltd. purchased a new stake in shares of Sprott Physical Gold Trust in the 3rd quarter worth $204,000.

Sprott Physical Gold Trust Stock Performance

NYSEARCA:PHYS opened at $22.14 on Friday. Sprott Physical Gold Trust has a one year low of $15.31 and a one year high of $22.32. The business has a fifty day moving average price of $20.70 and a 200-day moving average price of $20.24.

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.