Bank of Montreal Can Has $13.75 Million Stock Holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Bank of Montreal Can boosted its position in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 9.6% during the 2nd quarter, Holdings Channel.com reports. The fund owned 749,512 shares of the exchange traded fund’s stock after buying an additional 65,546 shares during the quarter. Bank of Montreal Can’s holdings in Sprott Physical Gold Trust were worth $13,746,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Sprott Physical Gold Trust by 29.6% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 2,271,370 shares of the exchange traded fund’s stock valued at $41,021,000 after purchasing an additional 518,649 shares during the last quarter. Bluefin Capital Management LLC raised its stake in shares of Sprott Physical Gold Trust by 478.6% during the first quarter. Bluefin Capital Management LLC now owns 2,023,920 shares of the exchange traded fund’s stock worth $35,014,000 after buying an additional 1,674,108 shares during the last quarter. Captrust Financial Advisors lifted its holdings in Sprott Physical Gold Trust by 4.1% in the first quarter. Captrust Financial Advisors now owns 1,823,029 shares of the exchange traded fund’s stock valued at $31,538,000 after buying an additional 71,602 shares during the period. Commonwealth Equity Services LLC boosted its stake in Sprott Physical Gold Trust by 16.1% in the second quarter. Commonwealth Equity Services LLC now owns 1,777,810 shares of the exchange traded fund’s stock valued at $32,107,000 after acquiring an additional 247,138 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in Sprott Physical Gold Trust by 28.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,615,548 shares of the exchange traded fund’s stock worth $29,177,000 after acquiring an additional 361,514 shares during the period.

Sprott Physical Gold Trust Trading Down 0.8 %

NYSEARCA PHYS opened at $20.56 on Friday. Sprott Physical Gold Trust has a 12 month low of $14.00 and a 12 month high of $20.75. The stock has a 50-day simple moving average of $19.41 and a 200 day simple moving average of $18.51.

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.