TD Waterhouse Canada Inc. Raises Holdings in Sprott Physical Gold Trust $PHYS

TD Waterhouse Canada Inc. grew its stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 17.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 383,643 shares of the exchange traded fund’s stock after buying an additional 57,380 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Sprott Physical Gold Trust were worth $12,665,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in PHYS. Financial Management Professionals Inc. purchased a new stake in shares of Sprott Physical Gold Trust during the fourth quarter worth approximately $36,000. Eastern Bank acquired a new stake in Sprott Physical Gold Trust in the fourth quarter valued at approximately $47,000. Strategic Advocates LLC purchased a new position in Sprott Physical Gold Trust in the third quarter worth approximately $51,000. Flagship Harbor Advisors LLC purchased a new position in Sprott Physical Gold Trust in the fourth quarter worth approximately $72,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in Sprott Physical Gold Trust during the 4th quarter worth approximately $79,000.

Sprott Physical Gold Trust Price Performance

Shares of NYSEARCA:PHYS opened at $36.52 on Tuesday. Sprott Physical Gold Trust has a 52 week low of $24.07 and a 52 week high of $42.07. The company’s 50 day moving average is $37.06 and its two-hundred day moving average is $34.50.

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.