Sumitomo Mitsui Trust Group Inc. Takes Position in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Sumitomo Mitsui Trust Group Inc. bought a new position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 11,350 shares of the exchange traded fund’s stock, valued at approximately $273,000.

Other institutional investors have also made changes to their positions in the company. Surience Private Wealth LLC acquired a new stake in Sprott Physical Gold Trust during the 1st quarter valued at $2,443,000. Transcend Capital Advisors LLC bought a new position in shares of Sprott Physical Gold Trust in the first quarter valued at about $5,675,000. Nvest Financial LLC lifted its stake in shares of Sprott Physical Gold Trust by 28.3% during the 1st quarter. Nvest Financial LLC now owns 44,860 shares of the exchange traded fund’s stock worth $1,079,000 after buying an additional 9,904 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of Sprott Physical Gold Trust by 4.2% during the 1st quarter. Sequoia Financial Advisors LLC now owns 13,259 shares of the exchange traded fund’s stock worth $319,000 after buying an additional 535 shares during the period. Finally, Kavar Capital Partners Group LLC bought a new stake in shares of Sprott Physical Gold Trust during the 1st quarter worth about $1,237,000.

Sprott Physical Gold Trust Price Performance

Sprott Physical Gold Trust stock opened at $25.55 on Friday. The company’s 50-day moving average price is $25.38 and its two-hundred day moving average price is $23.47. Sprott Physical Gold Trust has a twelve month low of $18.23 and a twelve month high of $26.42.

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.