Oppenheimer & Co. Inc. Acquires New Shares in Sprott Physical Gold Trust $PHYS

Oppenheimer & Co. Inc. acquired a new stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 178,055 shares of the exchange traded fund’s stock, valued at approximately $5,568,000.

Other hedge funds have also recently modified their holdings of the company. Money Concepts Capital Corp boosted its holdings in shares of Sprott Physical Gold Trust by 10.0% during the 1st quarter. Money Concepts Capital Corp now owns 276,345 shares of the exchange traded fund’s stock valued at $9,794,000 after purchasing an additional 25,056 shares during the last quarter. Citadel Advisors LLC purchased a new position in shares of Sprott Physical Gold Trust during the second quarter valued at about $592,000. Tidal Investments LLC grew its position in shares of Sprott Physical Gold Trust by 70.5% during the second quarter. Tidal Investments LLC now owns 774,770 shares of the exchange traded fund’s stock valued at $23,375,000 after purchasing an additional 320,296 shares in the last quarter. Highland Investment Advisors LLC purchased a new position in shares of Sprott Physical Gold Trust during the second quarter valued at about $660,000. Finally, Compass Financial Management LLC bought a new stake in shares of Sprott Physical Gold Trust in the second quarter worth about $1,161,000.

Sprott Physical Gold Trust Stock Up 0.3%

Shares of PHYS stock opened at $30.78 on Thursday. Sprott Physical Gold Trust has a 12-month low of $29.58 and a 12-month high of $42.07. The stock’s 50-day moving average price is $32.37 and its 200-day moving average price is $34.09.

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.