Oppenheimer & Co. Inc. Raises Holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Oppenheimer & Co. Inc. raised its position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 40.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 171,700 shares of the exchange traded fund’s stock after acquiring an additional 49,454 shares during the period. Oppenheimer & Co. Inc.’s holdings in Sprott Physical Gold Trust were worth $3,499,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise acquired a new stake in Sprott Physical Gold Trust during the 2nd quarter worth approximately $36,000. Sunbelt Securities Inc. purchased a new position in shares of Sprott Physical Gold Trust in the 2nd quarter valued at $51,000. St. Johns Investment Management Company LLC acquired a new position in shares of Sprott Physical Gold Trust during the 3rd quarter valued at $51,000. Missouri Trust & Investment Co boosted its position in Sprott Physical Gold Trust by 160.9% during the 3rd quarter. Missouri Trust & Investment Co now owns 2,609 shares of the exchange traded fund’s stock worth $53,000 after purchasing an additional 1,609 shares during the period. Finally, 1620 Investment Advisors Inc. acquired a new stake in Sprott Physical Gold Trust in the 2nd quarter valued at $55,000.

Sprott Physical Gold Trust Stock Performance

Shares of PHYS opened at $19.66 on Friday. Sprott Physical Gold Trust has a 12 month low of $15.31 and a 12 month high of $21.70. The stock’s 50-day moving average is $20.56 and its two-hundred day moving average is $19.26.

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.