Bank Julius Baer & Co. Ltd Zurich Takes Position in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Bank Julius Baer & Co. Ltd Zurich purchased a new position in Sprott Physical Gold Trust (NYSEARCA:PHYS) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 13,349 shares of the exchange traded fund’s stock, valued at approximately $297,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Pettinga Financial Advisors LLC raised its position in Sprott Physical Gold Trust by 8.2% during the third quarter. Pettinga Financial Advisors LLC now owns 35,647 shares of the exchange traded fund’s stock valued at $726,000 after acquiring an additional 2,700 shares in the last quarter. SpiderRock Advisors LLC acquired a new position in shares of Sprott Physical Gold Trust during the 3rd quarter worth $668,000. Sigma Planning Corp raised its holdings in shares of Sprott Physical Gold Trust by 1.1% during the 3rd quarter. Sigma Planning Corp now owns 62,790 shares of the exchange traded fund’s stock valued at $1,280,000 after purchasing an additional 712 shares in the last quarter. Beam Wealth Advisors Inc. acquired a new stake in shares of Sprott Physical Gold Trust in the 3rd quarter valued at $396,000. Finally, Nations Financial Group Inc. IA ADV bought a new stake in Sprott Physical Gold Trust in the third quarter worth $2,405,000.

Sprott Physical Gold Trust Price Performance

Sprott Physical Gold Trust stock opened at $22.48 on Tuesday. Sprott Physical Gold Trust has a one year low of $16.66 and a one year high of $22.91. The company’s fifty day moving average price is $21.63 and its two-hundred day moving average price is $20.80.

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.