November 8, 2019 at 8:52 pm

Macroview Investment Management LLC Has $3.82 Million Holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS)

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Macroview Investment Management LLC raised its position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 15.5% in the third quarter, Holdings Channel reports. The firm owned 322,920 shares of the exchange traded fund’s stock after acquiring an additional 43,376 shares during the quarter. Sprott Physical Gold Trust accounts for 8.3% of Macroview Investment Management LLC’s holdings, making the stock its 2nd biggest holding. Macroview Investment Management LLC’s holdings in Sprott Physical Gold Trust were worth $3,817,000 as of its most recent SEC filing.

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A number of other large investors have also recently added to or reduced their stakes in the business. Polar Asset Management Partners Inc. grew its stake in shares of Sprott Physical Gold Trust by 77.4% in the second quarter. Polar Asset Management Partners Inc. now owns 3,893,240 shares of the exchange traded fund’s stock worth $44,110,000 after acquiring an additional 1,699,065 shares during the period. OTA Financial Group L.P. grew its stake in shares of Sprott Physical Gold Trust by 860.2% in the second quarter. OTA Financial Group L.P. now owns 1,538,608 shares of the exchange traded fund’s stock worth $17,432,000 after acquiring an additional 1,378,374 shares during the period. Evanson Asset Management LLC grew its stake in shares of Sprott Physical Gold Trust by 12.4% in the third quarter. Evanson Asset Management LLC now owns 5,256,963 shares of the exchange traded fund’s stock worth $62,137,000 after acquiring an additional 579,581 shares during the period. Lucia Wealth Services LLC bought a new stake in shares of Sprott Physical Gold Trust in the third quarter worth approximately $5,948,000. Finally, Royal Bank of Canada grew its stake in shares of Sprott Physical Gold Trust by 45.4% in the second quarter. Royal Bank of Canada now owns 923,803 shares of the exchange traded fund’s stock worth $10,466,000 after acquiring an additional 288,444 shares during the period.

Shares of PHYS traded down $0.06 on Friday, reaching $11.73. The company’s stock had a trading volume of 1,122,400 shares, compared to its average volume of 663,347. The stock’s 50 day simple moving average is $12.03 and its two-hundred day simple moving average is $11.39. Sprott Physical Gold Trust has a 12-month low of $9.56 and a 12-month high of $12.49.

Sprott Physical Gold Trust Profile

Sprott Physical Gold Trust is a closed end investment trust, which engages in the investments and holding substantially all of its assets in physical gold bullion. Its objective is to provides a secure, convenient, and exchange-traded investment alternative for investors. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.

Further Reading: Momentum Investing

Want to see what other hedge funds are holding PHYS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sprott Physical Gold Trust (NYSEARCA:PHYS).

Institutional Ownership by Quarter for Sprott Physical Gold Trust (NYSEARCA:PHYS)

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