FNY Investment Advisers LLC Acquires Shares of 5,490 Sprott Physical Gold Trust (NYSEARCA:PHYS)

FNY Investment Advisers LLC bought a new position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 5,490 shares of the exchange traded fund’s stock, valued at approximately $110,000.

Several other hedge funds have also modified their holdings of the company. AdvisorNet Financial Inc boosted its position in Sprott Physical Gold Trust by 7,000.0% during the fourth quarter. AdvisorNet Financial Inc now owns 3,550 shares of the exchange traded fund’s stock worth $71,000 after purchasing an additional 3,500 shares in the last quarter. Private Client Services LLC raised its stake in shares of Sprott Physical Gold Trust by 38.3% during the 4th quarter. Private Client Services LLC now owns 64,575 shares of the exchange traded fund’s stock worth $1,301,000 after buying an additional 17,888 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Sprott Physical Gold Trust by 74.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 395,289 shares of the exchange traded fund’s stock valued at $8,056,000 after buying an additional 168,288 shares in the last quarter. Beaird Harris Wealth Management LLC grew its stake in Sprott Physical Gold Trust by 4.0% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 56,668 shares of the exchange traded fund’s stock valued at $1,155,000 after acquiring an additional 2,181 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Sprott Physical Gold Trust in the 3rd quarter valued at $132,000.

Sprott Physical Gold Trust Stock Performance

NYSEARCA:PHYS opened at $20.62 on Wednesday. Sprott Physical Gold Trust has a fifty-two week low of $15.31 and a fifty-two week high of $21.70. The company has a fifty day moving average of $20.33 and a two-hundred day moving average of $19.91.

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.