Cibc World Market Inc. Purchases 57,201 Shares of Sprott Physical Gold Trust $PHYS

Cibc World Market Inc. boosted its position in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 8.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 705,406 shares of the exchange traded fund’s stock after purchasing an additional 57,201 shares during the quarter. Cibc World Market Inc. owned approximately 0.15% of Sprott Physical Gold Trust worth $23,293,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Fiduciary Alliance LLC raised its holdings in Sprott Physical Gold Trust by 4.4% in the fourth quarter. Fiduciary Alliance LLC now owns 7,195 shares of the exchange traded fund’s stock worth $238,000 after purchasing an additional 300 shares in the last quarter. Latitude Advisors LLC raised its holdings in Sprott Physical Gold Trust by 1.0% in the fourth quarter. Latitude Advisors LLC now owns 30,540 shares of the exchange traded fund’s stock worth $1,008,000 after purchasing an additional 300 shares in the last quarter. Stratos Wealth Advisors LLC raised its holdings in Sprott Physical Gold Trust by 2.1% in the third quarter. Stratos Wealth Advisors LLC now owns 18,866 shares of the exchange traded fund’s stock worth $559,000 after purchasing an additional 392 shares in the last quarter. Euro Pacific Asset Management LLC raised its holdings in Sprott Physical Gold Trust by 0.9% in the fourth quarter. Euro Pacific Asset Management LLC now owns 48,180 shares of the exchange traded fund’s stock worth $1,591,000 after purchasing an additional 408 shares in the last quarter. Finally, NovaPoint Capital LLC increased its holdings in shares of Sprott Physical Gold Trust by 0.3% during the fourth quarter. NovaPoint Capital LLC now owns 147,330 shares of the exchange traded fund’s stock valued at $4,865,000 after acquiring an additional 446 shares in the last quarter.

Sprott Physical Gold Trust Stock Performance

PHYS opened at $32.54 on Friday. Sprott Physical Gold Trust has a 52-week low of $24.86 and a 52-week high of $42.07. The firm’s 50-day moving average price is $35.02 and its 200-day moving average price is $35.31.

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