JPMorgan Chase & Co. Has $10.16 Million Stake in Sprott Physical Gold Trust $PHYS

JPMorgan Chase & Co. raised its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 14.5% in the 3rd quarter, Holdings Channel reports. The firm owned 342,904 shares of the exchange traded fund’s stock after purchasing an additional 43,421 shares during the quarter. JPMorgan Chase & Co.’s holdings in Sprott Physical Gold Trust were worth $10,157,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PHYS. Jane Street Group LLC grew its position in shares of 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 buying an additional 642,224 shares during the last quarter. Cerity Partners LLC raised its position in shares of Sprott Physical Gold Trust by 552.0% during the third quarter. Cerity Partners LLC now owns 508,322 shares of the exchange traded fund’s stock worth $15,057,000 after acquiring an additional 430,358 shares during the last quarter. CENTRAL TRUST Co lifted its stake in shares of Sprott Physical Gold Trust by 9.1% in the third quarter. CENTRAL TRUST Co now owns 4,649,181 shares of the exchange traded fund’s stock worth $137,709,000 after acquiring an additional 388,033 shares during the period. Jupiter Asset Management Ltd. lifted its stake in shares of Sprott Physical Gold Trust by 15.2% in the second quarter. Jupiter Asset Management Ltd. now owns 2,249,508 shares of the exchange traded fund’s stock worth $56,811,000 after acquiring an additional 296,330 shares during the period. Finally, Tidal Investments LLC boosted its holdings in Sprott Physical Gold Trust by 47.1% in the second quarter. Tidal Investments LLC now owns 867,575 shares of the exchange traded fund’s stock valued at $21,993,000 after acquiring an additional 277,648 shares during the last quarter.

Sprott Physical Gold Trust Price Performance

NYSEARCA:PHYS opened at $39.21 on Friday. The company has a 50 day simple moving average of $36.96 and a two-hundred day simple moving average of $32.60. Sprott Physical Gold Trust has a fifty-two week low of $22.45 and a fifty-two week high of $42.07.

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.