JPMorgan Chase & Co. Has $8.06 Million Stake in Sprott Physical Gold Trust (NYSEARCA:PHYS)

JPMorgan Chase & Co. lifted its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 74.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 395,289 shares of the exchange traded fund’s stock after purchasing an additional 168,288 shares during the quarter. JPMorgan Chase & Co.’s holdings in Sprott Physical Gold Trust were worth $8,056,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of PHYS. Thoroughbred Financial Services LLC lifted its position in shares of Sprott Physical Gold Trust by 24.1% in the second quarter. Thoroughbred Financial Services LLC now owns 12,595 shares of the exchange traded fund’s stock worth $227,000 after buying an additional 2,445 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Sprott Physical Gold Trust by 28.8% during the second quarter. Envestnet Asset Management Inc. now owns 1,615,548 shares of the exchange traded fund’s stock worth $29,177,000 after purchasing an additional 361,514 shares during the period. J.W. Cole Advisors Inc. grew its holdings in Sprott Physical Gold Trust by 7.4% during the second quarter. J.W. Cole Advisors Inc. now owns 42,012 shares of the exchange traded fund’s stock valued at $759,000 after purchasing an additional 2,900 shares during the last quarter. Moors & Cabot Inc. raised its position in shares of Sprott Physical Gold Trust by 0.7% in the second quarter. Moors & Cabot Inc. now owns 140,209 shares of the exchange traded fund’s stock valued at $2,532,000 after purchasing an additional 999 shares during the period. Finally, Menlo Advisors LLC bought a new position in shares of Sprott Physical Gold Trust in the second quarter valued at approximately $216,000.

Sprott Physical Gold Trust Stock Up 0.6 %

NYSEARCA PHYS opened at $20.62 on Wednesday. Sprott Physical Gold Trust has a 1 year low of $15.31 and a 1 year high of $21.70. The company has a fifty day simple moving average of $20.33 and a 200 day simple moving average of $19.91.

About Sprott Physical Gold Trust

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.