Lee Danner & Bass Inc. Makes New $89,000 Investment in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Lee Danner & Bass Inc. purchased a new stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,400 shares of the exchange traded fund’s stock, valued at approximately $89,000.

A number of other large investors also recently modified their holdings of PHYS. Natixis Advisors LLC bought a new position in shares of Sprott Physical Gold Trust in the 3rd quarter valued at $219,000. PNC Financial Services Group Inc. lifted its stake in shares of Sprott Physical Gold Trust by 28.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 108,339 shares of the exchange traded fund’s stock valued at $2,208,000 after acquiring an additional 24,283 shares during the last quarter. Commerce Bank lifted its stake in shares of Sprott Physical Gold Trust by 53.3% in the 3rd quarter. Commerce Bank now owns 38,780 shares of the exchange traded fund’s stock valued at $790,000 after acquiring an additional 13,478 shares during the last quarter. First Horizon Advisors Inc. bought a new position in shares of Sprott Physical Gold Trust in the 3rd quarter valued at $54,000. Finally, Nwam LLC bought a new position in shares of Sprott Physical Gold Trust in the 3rd quarter valued at $1,260,000.

Sprott Physical Gold Trust Trading Down 0.8 %

Shares of PHYS opened at $23.36 on Friday. Sprott Physical Gold Trust has a 52 week low of $16.86 and a 52 week high of $23.61. The stock has a fifty day moving average of $22.19 and a 200-day moving average of $21.04.

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.