Summit Financial LLC Purchases 44,631 Shares of Sprott Physical Gold Trust $PHYS

Summit Financial LLC raised its position in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 11.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 419,308 shares of the exchange traded fund’s stock after purchasing an additional 44,631 shares during the period. Summit Financial LLC’s holdings in Sprott Physical Gold Trust were worth $13,846,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of PHYS. 3EDGE Asset Management LP bought a new position in Sprott Physical Gold Trust in the 4th quarter valued at $31,652,000. Jupiter Asset Management Ltd. boosted its holdings in Sprott Physical Gold Trust by 39.8% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 3,145,855 shares of the exchange traded fund’s stock valued at $92,913,000 after purchasing an additional 896,347 shares during the period. Jane Street Group LLC boosted its holdings in Sprott Physical Gold Trust by 65.8% in the 2nd quarter. Jane Street Group LLC now owns 1,618,276 shares of the exchange traded fund’s stock valued at $41,023,000 after purchasing an additional 642,224 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in Sprott Physical Gold Trust by 15.5% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 3,035,301 shares of the exchange traded fund’s stock valued at $100,226,000 after purchasing an additional 407,271 shares during the period. Finally, LPL Financial LLC boosted its holdings in Sprott Physical Gold Trust by 20.1% in the 4th quarter. LPL Financial LLC now owns 2,320,705 shares of the exchange traded fund’s stock valued at $76,630,000 after purchasing an additional 389,187 shares during the period.

Sprott Physical Gold Trust Price Performance

Shares of NYSEARCA:PHYS opened at $31.75 on Friday. The firm has a fifty day moving average price of $34.74 and a two-hundred day moving average price of $35.34. Sprott Physical Gold Trust has a one year low of $24.86 and a one year high of $42.07.

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. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.