Rossby Financial LCC Purchases New Holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Rossby Financial LCC purchased a new stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 57,334 shares of the exchange traded fund’s stock, valued at approximately $1,155,000. Sprott Physical Gold Trust accounts for 0.7% of Rossby Financial LCC’s holdings, making the stock its 29th biggest position.

A number of other large investors have also added to or reduced their stakes in PHYS. Pekin Hardy Strauss Inc. increased its holdings in Sprott Physical Gold Trust by 3.6% in the 4th quarter. Pekin Hardy Strauss Inc. now owns 4,196,788 shares of the exchange traded fund’s stock worth $84,523,000 after acquiring an additional 144,824 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Sprott Physical Gold Trust in the fourth quarter valued at approximately $44,631,000. Sprott Inc. raised its position in shares of Sprott Physical Gold Trust by 14.9% in the fourth quarter. Sprott Inc. now owns 2,087,486 shares of the exchange traded fund’s stock valued at $42,043,000 after purchasing an additional 270,064 shares during the period. IMC Chicago LLC lifted its stake in shares of Sprott Physical Gold Trust by 5,078.7% during the 4th quarter. IMC Chicago LLC now owns 2,025,763 shares of the exchange traded fund’s stock valued at $40,799,000 after buying an additional 1,986,646 shares in the last quarter. Finally, Matauro LLC bought a new position in Sprott Physical Gold Trust in the 4th quarter worth approximately $40,017,000.

Sprott Physical Gold Trust Price Performance

Shares of PHYS stock opened at $24.82 on Monday. The company’s fifty day simple moving average is $23.03 and its two-hundred day simple moving average is $21.48. Sprott Physical Gold Trust has a 1 year low of $17.64 and a 1 year high of $24.89.

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.