Commerce Bank Boosts Holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Commerce Bank grew its position in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 53.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 38,780 shares of the exchange traded fund’s stock after purchasing an additional 13,478 shares during the period. Commerce Bank’s holdings in Sprott Physical Gold Trust were worth $790,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in PHYS. Banque Cantonale Vaudoise bought a new stake in shares of Sprott Physical Gold Trust during the 2nd quarter worth approximately $36,000. Sunbelt Securities Inc. purchased a new stake in shares of Sprott Physical Gold Trust during the second quarter valued at $51,000. St. Johns Investment Management Company LLC bought a new position in shares of Sprott Physical Gold Trust in the third quarter worth about $51,000. Missouri Trust & Investment Co increased its stake in Sprott Physical Gold Trust by 160.9% in the 3rd quarter. Missouri Trust & Investment Co now owns 2,609 shares of the exchange traded fund’s stock worth $53,000 after buying an additional 1,609 shares during the period. Finally, 1620 Investment Advisors Inc. bought a new stake in Sprott Physical Gold Trust during the 2nd quarter valued at about $55,000.

Sprott Physical Gold Trust Price Performance

Sprott Physical Gold Trust stock opened at $20.17 on Tuesday. The firm has a 50-day moving average of $20.64 and a two-hundred day moving average of $19.38. Sprott Physical Gold Trust has a 1 year low of $15.31 and a 1 year high of $21.70.

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.