Sprott Physical Gold Trust $PHYS Shares Purchased by WIT Partners Advisory Pte. Ltd.

WIT Partners Advisory Pte. Ltd. raised its position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 340.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 941,220 shares of the exchange traded fund’s stock after purchasing an additional 727,533 shares during the quarter. Sprott Physical Gold Trust comprises 9.8% of WIT Partners Advisory Pte. Ltd.’s portfolio, making the stock its 2nd largest holding. WIT Partners Advisory Pte. Ltd. owned about 0.20% of Sprott Physical Gold Trust worth $33,357,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Kohmann Bosshard Financial Services LLC acquired a new position in Sprott Physical Gold Trust during the fourth quarter worth about $33,000. Financial Management Professionals Inc. bought a new position in shares of Sprott Physical Gold Trust during the 4th quarter valued at about $36,000. Eastern Bank acquired a new position in shares of Sprott Physical Gold Trust in the 4th quarter worth approximately $47,000. Strategic Advocates LLC bought a new stake in shares of Sprott Physical Gold Trust in the 3rd quarter worth approximately $51,000. Finally, Mcguire Capital Advisors Inc. acquired a new stake in Sprott Physical Gold Trust during the fourth quarter valued at approximately $64,000.

Sprott Physical Gold Trust Stock Performance

Shares of NYSEARCA:PHYS opened at $30.00 on Friday. Sprott Physical Gold Trust has a 1-year low of $25.00 and a 1-year high of $42.07. The company has a 50 day moving average price of $32.49 and a 200 day moving average price of $35.06.

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.