North Star Asset Management Inc. Takes Position in Sprott Physical Gold Trust (NYSEARCA:PHYS)

North Star Asset Management Inc. acquired a new stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,500 shares of the exchange traded fund’s stock, valued at approximately $254,000.

Several other hedge funds have also recently modified their holdings of PHYS. Simplicity Wealth LLC acquired a new position in shares of Sprott Physical Gold Trust during the first quarter valued at about $67,526,000. Bluefin Capital Management LLC increased its holdings in shares of Sprott Physical Gold Trust by 478.6% during the first quarter. Bluefin Capital Management LLC now owns 2,023,920 shares of the exchange traded fund’s stock valued at $35,014,000 after acquiring an additional 1,674,108 shares in the last quarter. Cetera Investment Advisers increased its holdings in Sprott Physical Gold Trust by 791.8% in the 1st quarter. Cetera Investment Advisers now owns 1,091,188 shares of the exchange traded fund’s stock worth $18,878,000 after buying an additional 968,835 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in Sprott Physical Gold Trust by 29.6% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 2,271,370 shares of the exchange traded fund’s stock worth $41,021,000 after buying an additional 518,649 shares during the last quarter. Finally, Fidelis Capital Partners LLC raised its position in Sprott Physical Gold Trust by 1,039.8% during the 1st quarter. Fidelis Capital Partners LLC now owns 550,280 shares of the exchange traded fund’s stock worth $9,520,000 after buying an additional 502,000 shares during the last quarter.

Sprott Physical Gold Trust Price Performance

PHYS opened at $19.43 on Friday. Sprott Physical Gold Trust has a 12-month low of $14.00 and a 12-month high of $19.67. The firm has a 50 day moving average of $18.93 and a two-hundred day moving average of $18.10.

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.