70,408 Shares in Sprott Physical Gold Trust $PHYS Bought by Matrix Private Capital Group LLC

Matrix Private Capital Group LLC acquired a new stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 70,408 shares of the exchange traded fund’s stock, valued at approximately $2,495,000. Sprott Physical Gold Trust accounts for 1.2% of Matrix Private Capital Group LLC’s investment portfolio, making the stock its 21st biggest holding.

A number of other institutional investors also recently modified their holdings of the stock. AQR Capital Management LLC bought a new position in shares of Sprott Physical Gold Trust during the 1st quarter worth about $260,000. Focus Partners Wealth purchased a new stake in shares of Sprott Physical Gold Trust in the first quarter valued at about $200,000. Cerity Partners LLC lifted its position in shares of Sprott Physical Gold Trust by 14.0% during the 2nd quarter. Cerity Partners LLC now owns 77,964 shares of the exchange traded fund’s stock worth $1,976,000 after buying an additional 9,585 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in Sprott Physical Gold Trust by 43.6% during the second quarter. NewEdge Advisors LLC now owns 91,329 shares of the exchange traded fund’s stock worth $2,315,000 after acquiring an additional 27,724 shares during the period. Finally, Darwin Wealth Management LLC bought a new stake in shares of Sprott Physical Gold Trust during the 2nd quarter worth $489,000.

Sprott Physical Gold Trust Trading Up 0.1%

PHYS opened at $30.64 on Friday. Sprott Physical Gold Trust has a twelve month low of $25.00 and a twelve month high of $42.07. The company’s 50-day moving average price is $31.92 and its two-hundred day moving average price is $34.94.

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. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.