TCP Asset Management LLC Purchases 188,047 Shares of Sprott Physical Gold Trust (NYSEARCA:PHYS)

TCP Asset Management LLC grew its position in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 48.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 574,132 shares of the exchange traded fund’s stock after acquiring an additional 188,047 shares during the quarter. Sprott Physical Gold Trust accounts for 2.6% of TCP Asset Management LLC’s portfolio, making the stock its 15th biggest holding. TCP Asset Management LLC owned approximately 0.14% of Sprott Physical Gold Trust worth $9,932,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in PHYS. St. Johns Investment Management Company LLC bought a new position in shares of Sprott Physical Gold Trust during the 1st quarter valued at approximately $104,000. Howard Financial Services LTD. bought a new position in Sprott Physical Gold Trust in the 1st quarter valued at $175,000. Clarity Financial LLC bought a new position in Sprott Physical Gold Trust in the 1st quarter valued at $353,000. Sandy Cove Advisors LLC grew its position in Sprott Physical Gold Trust by 27.9% in the 1st quarter. Sandy Cove Advisors LLC now owns 30,567 shares of the exchange traded fund’s stock valued at $529,000 after acquiring an additional 6,667 shares during the last quarter. Finally, Brookstone Capital Management grew its position in Sprott Physical Gold Trust by 2.7% in the 1st quarter. Brookstone Capital Management now owns 126,629 shares of the exchange traded fund’s stock valued at $2,191,000 after acquiring an additional 3,298 shares during the last quarter.

Sprott Physical Gold Trust Price Performance

Shares of PHYS stock traded up $0.18 during mid-day trading on Wednesday, hitting $18.30. The stock had a trading volume of 1,390,433 shares, compared to its average volume of 1,979,329. Sprott Physical Gold Trust has a 12-month low of $14.00 and a 12-month high of $18.93. The firm’s 50-day moving average is $18.14 and its two-hundred day moving average is $17.03.

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.