IMC Chicago LLC Has $86.80 Million Position in Sprott Physical Gold Trust $PHYS

IMC Chicago LLC lifted its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 494.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,449,218 shares of the exchange traded fund’s stock after purchasing an additional 2,037,133 shares during the quarter. IMC Chicago LLC owned 0.51% of Sprott Physical Gold Trust worth $86,800,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC bought a new position in Sprott Physical Gold Trust in the 4th quarter valued at approximately $33,000. Financial Management Professionals Inc. bought a new stake in shares of Sprott Physical Gold Trust during the fourth quarter worth $36,000. Eastern Bank bought a new stake in shares of Sprott Physical Gold Trust during the fourth quarter worth $47,000. Strategic Advocates LLC bought a new stake in shares of Sprott Physical Gold Trust during the third quarter worth $51,000. Finally, Mcguire Capital Advisors Inc. acquired a new position in shares of Sprott Physical Gold Trust during the fourth quarter worth $64,000.

Sprott Physical Gold Trust Trading Down 0.0%

Shares of PHYS opened at $30.57 on Thursday. Sprott Physical Gold Trust has a 52 week low of $25.00 and a 52 week high of $42.07. The stock has a fifty day moving average of $32.60 and a 200-day moving average of $35.09.

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. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.