UBS Group AG Takes Position in Sprott Physical Gold Trust $PHYS

UBS Group AG acquired a new position in Sprott Physical Gold Trust (NYSEARCA:PHYS) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 70,329 shares of the exchange traded fund’s stock, valued at approximately $2,322,000.

Other institutional investors also recently modified their holdings of the company. Financial Management Professionals Inc. bought a new position in shares of Sprott Physical Gold Trust in the fourth quarter worth approximately $36,000. Eastern Bank bought a new position in shares of Sprott Physical Gold Trust in the fourth quarter worth approximately $47,000. Strategic Advocates LLC bought a new position in shares of Sprott Physical Gold Trust in the third quarter worth approximately $51,000. Flagship Harbor Advisors LLC bought a new position in shares of Sprott Physical Gold Trust in the fourth quarter worth approximately $72,000. Finally, Franklin Resources Inc. bought a new position in shares of Sprott Physical Gold Trust in the third quarter worth approximately $74,000.

Sprott Physical Gold Trust Stock Performance

PHYS stock opened at $33.68 on Thursday. The company’s 50 day moving average is $35.18 and its 200 day moving average is $35.22. Sprott Physical Gold Trust has a 1-year low of $24.86 and a 1-year high of $42.07.

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.