Sprott Physical Gold Trust (NYSEARCA:PHYS) Shares Acquired by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. increased its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 28.9% during the 3rd quarter, Holdings Channel.com reports. The fund owned 108,339 shares of the exchange traded fund’s stock after buying an additional 24,283 shares during the period. PNC Financial Services Group Inc.’s holdings in Sprott Physical Gold Trust were worth $2,208,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of PHYS. Straight Path Wealth Management boosted its holdings in shares of Sprott Physical Gold Trust by 1.5% during the third quarter. Straight Path Wealth Management now owns 34,950 shares of the exchange traded fund’s stock valued at $712,000 after acquiring an additional 500 shares during the period. Islay Capital Management LLC lifted its position in Sprott Physical Gold Trust by 1.4% in the 3rd quarter. Islay Capital Management LLC now owns 41,161 shares of the exchange traded fund’s stock valued at $839,000 after purchasing an additional 550 shares during the last quarter. Concourse Financial Group Securities Inc. boosted its stake in Sprott Physical Gold Trust by 9.8% during the 3rd quarter. Concourse Financial Group Securities Inc. now owns 6,893 shares of the exchange traded fund’s stock valued at $140,000 after purchasing an additional 615 shares during the period. Tompkins Financial Corp grew its position in Sprott Physical Gold Trust by 1.6% in the 3rd quarter. Tompkins Financial Corp now owns 43,700 shares of the exchange traded fund’s stock worth $891,000 after purchasing an additional 700 shares during the last quarter. Finally, BSW Wealth Partners increased its stake in shares of Sprott Physical Gold Trust by 3.1% in the third quarter. BSW Wealth Partners now owns 23,327 shares of the exchange traded fund’s stock valued at $475,000 after purchasing an additional 703 shares during the period.

Sprott Physical Gold Trust Trading Down 3.2 %

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 stock has a 50 day simple moving average of $20.64 and a 200-day simple moving average of $19.38.

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.