Bank of Montreal Can Buys 65,546 Shares of Sprott Physical Gold Trust (NYSEARCA:PHYS)

Bank of Montreal Can raised its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 9.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 749,512 shares of the exchange traded fund’s stock after purchasing an additional 65,546 shares during the quarter. Bank of Montreal Can owned 0.19% of Sprott Physical Gold Trust worth $13,746,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in PHYS. Cambridge Investment Research Advisors Inc. increased its holdings in Sprott Physical Gold Trust by 29.6% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 2,271,370 shares of the exchange traded fund’s stock valued at $41,021,000 after buying an additional 518,649 shares during the period. Bluefin Capital Management LLC boosted its position in shares of Sprott Physical Gold Trust by 478.6% during the 1st quarter. Bluefin Capital Management LLC now owns 2,023,920 shares of the exchange traded fund’s stock valued at $35,014,000 after acquiring an additional 1,674,108 shares in the last quarter. Captrust Financial Advisors increased its stake in Sprott Physical Gold Trust by 4.1% in the first quarter. Captrust Financial Advisors now owns 1,823,029 shares of the exchange traded fund’s stock valued at $31,538,000 after acquiring an additional 71,602 shares during the period. Commonwealth Equity Services LLC raised its position in Sprott Physical Gold Trust by 16.1% in the second quarter. Commonwealth Equity Services LLC now owns 1,777,810 shares of the exchange traded fund’s stock worth $32,107,000 after purchasing an additional 247,138 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in Sprott Physical Gold Trust by 28.8% during the second quarter. Envestnet Asset Management Inc. now owns 1,615,548 shares of the exchange traded fund’s stock worth $29,177,000 after purchasing an additional 361,514 shares during the period.

Sprott Physical Gold Trust Trading Down 0.8 %

PHYS stock opened at $20.56 on Friday. Sprott Physical Gold Trust has a 1-year low of $14.00 and a 1-year high of $20.75. The business’s 50 day moving average is $19.41 and its 200-day moving average is $18.51.

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.