Commerce Bank Buys 13,478 Shares of Sprott Physical Gold Trust (NYSEARCA:PHYS)

Commerce Bank boosted its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 53.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 38,780 shares of the exchange traded fund’s stock after acquiring an additional 13,478 shares during the period. Commerce Bank’s holdings in Sprott Physical Gold Trust were worth $790,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC raised its holdings in shares of Sprott Physical Gold Trust by 2,471.9% during the 3rd quarter. International Assets Investment Management LLC now owns 2,859,518 shares of the exchange traded fund’s stock worth $58,277,000 after acquiring an additional 2,748,335 shares in the last quarter. Bluefin Capital Management LLC increased its position in Sprott Physical Gold Trust by 478.6% in the first quarter. Bluefin Capital Management LLC now owns 2,023,920 shares of the exchange traded fund’s stock worth $35,014,000 after purchasing an additional 1,674,108 shares during the last quarter. Cetera Investment Advisers raised its stake in Sprott Physical Gold Trust by 791.8% during the first quarter. Cetera Investment Advisers now owns 1,091,188 shares of the exchange traded fund’s stock valued at $18,878,000 after purchasing an additional 968,835 shares in the last quarter. Raymond James & Associates lifted its position in Sprott Physical Gold Trust by 73.3% during the third quarter. Raymond James & Associates now owns 1,602,282 shares of the exchange traded fund’s stock valued at $32,655,000 after purchasing an additional 677,623 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in shares of Sprott Physical Gold Trust in the 2nd quarter worth $9,884,000.

Sprott Physical Gold Trust Stock Performance

Shares of NYSEARCA PHYS opened at $20.17 on Tuesday. Sprott Physical Gold Trust has a 12-month low of $15.31 and a 12-month high of $21.70. The firm’s 50-day moving average price is $20.64 and its 200-day moving average price is $19.38.

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.