Montis Financial LLC Raises Stake in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Montis Financial LLC raised its position in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 1.4% in the fourth quarter, Holdings Channel reports. The fund owned 91,912 shares of the exchange traded fund’s stock after buying an additional 1,253 shares during the period. Montis Financial LLC’s holdings in Sprott Physical Gold Trust were worth $1,851,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc lifted its stake in Sprott Physical Gold Trust by 7,000.0% in the fourth quarter. AdvisorNet Financial Inc now owns 3,550 shares of the exchange traded fund’s stock worth $71,000 after acquiring an additional 3,500 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Sprott Physical Gold Trust by 74.1% in the third quarter. JPMorgan Chase & Co. now owns 395,289 shares of the exchange traded fund’s stock worth $8,056,000 after acquiring an additional 168,288 shares during the last quarter. Natixis Advisors LLC purchased a new position in Sprott Physical Gold Trust in the third quarter worth approximately $219,000. PNC Financial Services Group Inc. lifted its stake in Sprott Physical Gold Trust by 28.9% in the third quarter. PNC Financial Services Group Inc. now owns 108,339 shares of the exchange traded fund’s stock worth $2,208,000 after acquiring an additional 24,283 shares during the last quarter. Finally, Cerity Partners LLC lifted its stake in Sprott Physical Gold Trust by 4.7% in the third quarter. Cerity Partners LLC now owns 43,654 shares of the exchange traded fund’s stock worth $890,000 after acquiring an additional 1,950 shares during the last quarter.

Sprott Physical Gold Trust Trading Up 0.3 %

Shares of Sprott Physical Gold Trust stock opened at $23.08 on Friday. Sprott Physical Gold Trust has a 52-week low of $16.66 and a 52-week high of $23.11. The company has a 50 day moving average of $21.84 and a 200 day moving average of $20.87.

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.