Cwm LLC Buys 27,355 Shares of Sprott Physical Gold Trust $PHYS

Cwm LLC raised its position in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 64.0% during the third quarter, Holdings Channel reports. The institutional investor owned 70,078 shares of the exchange traded fund’s stock after buying an additional 27,355 shares during the quarter. Cwm LLC’s holdings in Sprott Physical Gold Trust were worth $2,076,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in PHYS. AQR Capital Management LLC bought a new position in Sprott Physical Gold Trust in the first quarter valued at about $260,000. Mountain Lake Investment Management LLC lifted its position in Sprott Physical Gold Trust by 30.5% during the 1st quarter. Mountain Lake Investment Management LLC now owns 490,593 shares of the exchange traded fund’s stock valued at $11,804,000 after purchasing an additional 114,593 shares during the period. Permanens Capital L.P. bought a new position in shares of Sprott Physical Gold Trust in the 1st quarter valued at about $1,692,000. Strait & Sound Wealth Management LLC acquired a new stake in shares of Sprott Physical Gold Trust during the 1st quarter worth approximately $219,000. Finally, Integrity Alliance LLC. acquired a new stake in shares of Sprott Physical Gold Trust during the 1st quarter worth approximately $395,000.

Sprott Physical Gold Trust Stock Performance

Shares of NYSEARCA PHYS opened at $33.13 on Friday. The company’s 50 day simple moving average is $31.96 and its 200 day simple moving average is $28.95. Sprott Physical Gold Trust has a fifty-two week low of $20.17 and a fifty-two week high of $34.83.

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. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.