UBS Group AG Acquires Shares of 70,329 Sprott Physical Gold Trust $PHYS

UBS Group AG acquired a new stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 70,329 shares of the exchange traded fund’s stock, valued at approximately $2,322,000.

Several other institutional investors have also added to or reduced their stakes in PHYS. Financial Management Professionals Inc. purchased a new stake in Sprott Physical Gold Trust during the fourth quarter valued at about $36,000. Eastern Bank purchased a new stake in Sprott Physical Gold Trust during the fourth quarter valued at about $47,000. Strategic Advocates LLC purchased a new stake in Sprott Physical Gold Trust during the third quarter valued at about $51,000. Flagship Harbor Advisors LLC purchased a new stake in Sprott Physical Gold Trust during the fourth quarter valued at about $72,000. Finally, Franklin Resources Inc. purchased a new stake in Sprott Physical Gold Trust during the third quarter valued at about $74,000.

Sprott Physical Gold Trust Trading Down 1.3%

Shares of PHYS opened at $33.68 on Thursday. The business’s 50-day moving average price is $35.18 and its 200-day moving average price is $35.22. Sprott Physical Gold Trust has a twelve month low of $24.86 and a twelve month 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.