JPMorgan Chase & Co. Acquires 43,421 Shares of Sprott Physical Gold Trust $PHYS

JPMorgan Chase & Co. grew its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 14.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 342,904 shares of the exchange traded fund’s stock after acquiring an additional 43,421 shares during the quarter. JPMorgan Chase & Co. owned 0.07% of Sprott Physical Gold Trust worth $10,157,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Manchester Capital Management LLC bought a new stake in shares of Sprott Physical Gold Trust during the 2nd quarter valued at approximately $25,000. MTM Investment Management LLC bought a new position in Sprott Physical Gold Trust in the 2nd quarter valued at approximately $30,000. Legacy Investment Solutions LLC bought a new position in Sprott Physical Gold Trust in the 2nd quarter valued at approximately $36,000. Parkside Financial Bank & Trust boosted its position in Sprott Physical Gold Trust by 36.4% in the second quarter. Parkside Financial Bank & Trust now owns 1,500 shares of the exchange traded fund’s stock valued at $38,000 after buying an additional 400 shares in the last quarter. Finally, Transce3nd LLC boosted its position in Sprott Physical Gold Trust by 129.5% in the second quarter. Transce3nd LLC now owns 1,515 shares of the exchange traded fund’s stock valued at $38,000 after buying an additional 855 shares in the last quarter.

Sprott Physical Gold Trust Stock Up 1.6%

NYSEARCA PHYS opened at $39.21 on Friday. The firm’s fifty day moving average price is $36.96 and its two-hundred day moving average price is $32.60. Sprott Physical Gold Trust has a fifty-two week low of $22.45 and a fifty-two week high of $42.07.

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