IMC Chicago LLC Has $81.23 Million Stock Position in Sprott Physical Gold Trust $PHYS

IMC Chicago LLC boosted its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 2,849.6% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 3,204,243 shares of the exchange traded fund’s stock after buying an additional 3,095,611 shares during the period. IMC Chicago LLC’s holdings in Sprott Physical Gold Trust were worth $81,228,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of PHYS. Ameriflex Group Inc. raised its position in Sprott Physical Gold Trust by 66.7% during the second quarter. Ameriflex Group Inc. now owns 1,000 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 400 shares during the period. Cheviot Value Management LLC acquired a new position in Sprott Physical Gold Trust during the first quarter valued at $30,000. Assetmark Inc. acquired a new position in Sprott Physical Gold Trust during the first quarter valued at $31,000. Hilltop National Bank acquired a new position in Sprott Physical Gold Trust during the second quarter valued at $32,000. Finally, Continuum Advisory LLC raised its position in Sprott Physical Gold Trust by 162.9% during the first quarter. Continuum Advisory LLC now owns 1,472 shares of the exchange traded fund’s stock valued at $35,000 after buying an additional 912 shares during the period.

Sprott Physical Gold Trust Stock Up 0.8%

Shares of PHYS stock opened at $29.86 on Friday. Sprott Physical Gold Trust has a fifty-two week low of $19.63 and a fifty-two week high of $29.92. The stock’s 50-day moving average is $27.06 and its two-hundred day moving average is $25.77.

About Sprott Physical Gold Trust

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.