J2 Capital Management Inc Acquires New Position in Sprott Physical Gold Trust (NYSEARCA:PHYS)

J2 Capital Management Inc acquired a new stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 22,333 shares of the exchange traded fund’s stock, valued at approximately $450,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new position in shares of Sprott Physical Gold Trust during the 3rd quarter worth $28,000. Sunbelt Securities Inc. purchased a new position in Sprott Physical Gold Trust in the second quarter worth approximately $51,000. St. Johns Investment Management Company LLC purchased a new stake in Sprott Physical Gold Trust in the third quarter valued at $51,000. Missouri Trust & Investment Co raised its holdings in Sprott Physical Gold Trust by 160.9% in the 3rd quarter. Missouri Trust & Investment Co now owns 2,609 shares of the exchange traded fund’s stock valued at $53,000 after buying an additional 1,609 shares during the period. Finally, First Horizon Advisors Inc. acquired a new position in shares of Sprott Physical Gold Trust in the 3rd quarter worth approximately $54,000.

Sprott Physical Gold Trust Stock Performance

PHYS opened at $20.87 on Friday. Sprott Physical Gold Trust has a 52 week low of $15.31 and a 52 week high of $21.70. The business has a fifty day simple moving average of $20.32 and a 200-day simple moving average of $19.97.

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.