JPMorgan Chase & Co. Has $9 Million Holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS)

JPMorgan Chase & Co. grew its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 13.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 446,623 shares of the exchange traded fund’s stock after acquiring an additional 51,334 shares during the quarter. JPMorgan Chase & Co.’s holdings in Sprott Physical Gold Trust were worth $8,995,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. AdvisorNet Financial Inc grew its stake in shares of Sprott Physical Gold Trust by 7,000.0% in the 4th quarter. AdvisorNet Financial Inc now owns 3,550 shares of the exchange traded fund’s stock valued at $71,000 after buying an additional 3,500 shares during the period. Sigma Planning Corp boosted its position in shares of Sprott Physical Gold Trust by 1.2% during the fourth quarter. Sigma Planning Corp now owns 63,560 shares of the exchange traded fund’s stock valued at $1,280,000 after buying an additional 770 shares during the last quarter. Smartleaf Asset Management LLC bought a new stake in Sprott Physical Gold Trust during the fourth quarter worth $40,000. Synergy Asset Management LLC bought a new stake in Sprott Physical Gold Trust during the fourth quarter worth $96,000. Finally, Straight Path Wealth Management raised its position in Sprott Physical Gold Trust by 4.3% in the 4th quarter. Straight Path Wealth Management now owns 36,450 shares of the exchange traded fund’s stock valued at $734,000 after buying an additional 1,500 shares during the last quarter.

Sprott Physical Gold Trust Stock Performance

Sprott Physical Gold Trust stock opened at $24.86 on Wednesday. Sprott Physical Gold Trust has a fifty-two week low of $17.64 and a fifty-two week high of $24.89. The firm’s 50-day simple moving average is $23.13 and its 200 day simple moving average is $21.54.

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.