Brown Advisory Inc. Takes Position in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Brown Advisory Inc. bought a new position in Sprott Physical Gold Trust (NYSEARCA:PHYS) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,000 shares of the exchange traded fund’s stock, valued at approximately $241,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its holdings in Sprott Physical Gold Trust by 0.6% in the 4th quarter. Royal Bank of Canada now owns 6,692,283 shares of the exchange traded fund’s stock worth $134,782,000 after purchasing an additional 37,144 shares during the last quarter. Pekin Hardy Strauss Inc. increased its position in Sprott Physical Gold Trust by 0.7% in the 1st quarter. Pekin Hardy Strauss Inc. now owns 4,226,558 shares of the exchange traded fund’s stock worth $101,691,000 after buying an additional 29,770 shares during the period. Captrust Financial Advisors increased its position in Sprott Physical Gold Trust by 7.5% in the 4th quarter. Captrust Financial Advisors now owns 2,447,510 shares of the exchange traded fund’s stock worth $49,293,000 after buying an additional 170,025 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in Sprott Physical Gold Trust by 2.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,367,177 shares of the exchange traded fund’s stock worth $56,954,000 after buying an additional 66,054 shares during the period. Finally, Matauro LLC increased its position in Sprott Physical Gold Trust by 7.8% in the 1st quarter. Matauro LLC now owns 2,141,018 shares of the exchange traded fund’s stock worth $51,513,000 after buying an additional 154,057 shares during the period.

Sprott Physical Gold Trust Stock Up 0.5%

Shares of NYSEARCA PHYS opened at $25.61 on Thursday. The business’s 50 day moving average is $25.41 and its two-hundred day moving average is $23.74. Sprott Physical Gold Trust has a 12 month low of $18.23 and a 12 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.