Canal Capital Management LLC Makes New Investment in Sprott Physical Gold Trust $PHYS

Canal Capital Management LLC bought a new stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 37,777 shares of the exchange traded fund’s stock, valued at approximately $1,339,000.

Other large investors also recently made changes to their positions in the company. Private Advisor Group LLC boosted its position in shares of Sprott Physical Gold Trust by 1.2% in the first quarter. Private Advisor Group LLC now owns 638,594 shares of the exchange traded fund’s stock valued at $22,632,000 after acquiring an additional 7,361 shares during the period. Keybank National Association OH raised its position in shares of Sprott Physical Gold Trust by 449.4% in the first quarter. Keybank National Association OH now owns 61,127 shares of the exchange traded fund’s stock valued at $2,166,000 after buying an additional 50,000 shares in the last quarter. Root Financial Partners LLC bought a new stake in shares of Sprott Physical Gold Trust in the first quarter valued at approximately $142,000. Capital Asset Advisory Services LLC bought a new stake in shares of Sprott Physical Gold Trust in the first quarter valued at approximately $388,000. Finally, Essex Financial Services Inc. grew its position in Sprott Physical Gold Trust by 0.7% during the first quarter. Essex Financial Services Inc. now owns 405,027 shares of the exchange traded fund’s stock worth $14,354,000 after buying an additional 2,773 shares in the last quarter.

Sprott Physical Gold Trust Stock Performance

Sprott Physical Gold Trust stock opened at $31.08 on Friday. The stock’s fifty day moving average price is $33.29 and its two-hundred day moving average price is $35.24. Sprott Physical Gold Trust has a one year low of $25.00 and a one year 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.