Sprott Physical Gold Trust $PHYS Shares Purchased by Cibc World Market Inc.

Cibc World Market Inc. grew its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 8.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 705,406 shares of the exchange traded fund’s stock after purchasing an additional 57,201 shares during the quarter. Cibc World Market Inc.’s holdings in Sprott Physical Gold Trust were worth $23,293,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Fiduciary Alliance LLC increased its holdings in shares of Sprott Physical Gold Trust by 4.4% during the fourth quarter. Fiduciary Alliance LLC now owns 7,195 shares of the exchange traded fund’s stock valued at $238,000 after acquiring an additional 300 shares in the last quarter. Latitude Advisors LLC boosted its position in Sprott Physical Gold Trust by 1.0% in the fourth quarter. Latitude Advisors LLC now owns 30,540 shares of the exchange traded fund’s stock valued at $1,008,000 after buying an additional 300 shares during the last quarter. Stratos Wealth Advisors LLC boosted its position in Sprott Physical Gold Trust by 2.1% in the third quarter. Stratos Wealth Advisors LLC now owns 18,866 shares of the exchange traded fund’s stock valued at $559,000 after buying an additional 392 shares during the last quarter. Euro Pacific Asset Management LLC boosted its position in Sprott Physical Gold Trust by 0.9% in the fourth quarter. Euro Pacific Asset Management LLC now owns 48,180 shares of the exchange traded fund’s stock valued at $1,591,000 after buying an additional 408 shares during the last quarter. Finally, NovaPoint Capital LLC boosted its position in Sprott Physical Gold Trust by 0.3% in the fourth quarter. NovaPoint Capital LLC now owns 147,330 shares of the exchange traded fund’s stock valued at $4,865,000 after buying an additional 446 shares during the last quarter.

Sprott Physical Gold Trust Trading Down 3.8%

Shares of NYSEARCA PHYS opened at $32.54 on Friday. The business’s 50 day moving average price is $35.02 and its 200 day moving average price is $35.31. Sprott Physical Gold Trust has a 52 week low of $24.86 and a 52 week 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.