Sumitomo Mitsui Trust Group Inc. Boosts Holdings in Sprott Physical Gold Trust $PHYS

Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 454.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,900 shares of the exchange traded fund’s stock after purchasing an additional 51,550 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Sprott Physical Gold Trust were worth $1,595,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ameriflex Group Inc. lifted its holdings in Sprott Physical Gold Trust by 66.7% during the second quarter. Ameriflex Group Inc. now owns 1,000 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 400 shares in the last quarter. Tradewinds Capital Management LLC lifted its holdings in Sprott Physical Gold Trust by 59.8% during the second quarter. Tradewinds Capital Management LLC now owns 1,088 shares of the exchange traded fund’s stock valued at $28,000 after purchasing an additional 407 shares in the last quarter. Cheviot Value Management LLC purchased a new position in Sprott Physical Gold Trust during the first quarter valued at $30,000. Hilltop National Bank purchased a new position in Sprott Physical Gold Trust during the second quarter valued at $32,000. Finally, Assetmark Inc. purchased a new position in Sprott Physical Gold Trust during the first quarter valued at $31,000.

Sprott Physical Gold Trust Stock Up 2.1%

PHYS opened at $30.43 on Friday. Sprott Physical Gold Trust has a 52-week low of $19.63 and a 52-week high of $33.31. The firm’s fifty day simple moving average is $29.12 and its two-hundred day simple moving average is $26.75.

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.