K.J. Harrison & Partners Inc Buys 237,072 Shares of Sprott Physical Gold Trust $PHYS

K.J. Harrison & Partners Inc increased its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 88.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 505,278 shares of the exchange traded fund’s stock after purchasing an additional 237,072 shares during the quarter. Sprott Physical Gold Trust accounts for approximately 2.9% of K.J. Harrison & Partners Inc’s holdings, making the stock its 4th biggest position. K.J. Harrison & Partners Inc owned approximately 0.11% of Sprott Physical Gold Trust worth $17,903,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Royal Bank of Canada raised its position in Sprott Physical Gold Trust by 8.2% during the 4th quarter. Royal Bank of Canada now owns 9,516,053 shares of the exchange traded fund’s stock worth $314,220,000 after buying an additional 724,321 shares during the last quarter. Federation des caisses Desjardins du Quebec lifted its stake in shares of Sprott Physical Gold Trust by 2.3% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 5,589,846 shares of the exchange traded fund’s stock worth $184,642,000 after acquiring an additional 125,087 shares during the period. CENTRAL TRUST Co boosted its holdings in shares of Sprott Physical Gold Trust by 26.3% in the first quarter. CENTRAL TRUST Co now owns 5,542,655 shares of the exchange traded fund’s stock valued at $196,432,000 after acquiring an additional 1,154,326 shares in the last quarter. Heritage Wealth Advisors purchased a new stake in shares of Sprott Physical Gold Trust in the fourth quarter valued at about $169,676,000. Finally, Pekin Hardy Strauss Inc. increased its stake in shares of Sprott Physical Gold Trust by 1.3% during the fourth quarter. Pekin Hardy Strauss Inc. now owns 4,318,119 shares of the exchange traded fund’s stock worth $142,584,000 after acquiring an additional 56,549 shares during the period.

Sprott Physical Gold Trust Stock Performance

Shares of Sprott Physical Gold Trust stock opened at $31.08 on Friday. Sprott Physical Gold Trust has a 52-week low of $25.00 and a 52-week high of $42.07. The company’s 50-day simple moving average is $33.29 and its 200-day simple moving average is $35.24.

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.