Sprott Physical Gold Trust $PHYS Shares Newly Purchased by Forest Hill Capital LLC

Forest Hill Capital LLC bought a new position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) in the 3rd quarter, HoldingsChannel reports. The fund bought 1,448,500 shares of the exchange traded fund’s stock, valued at approximately $45,295,000. Sprott Physical Gold Trust comprises approximately 32.0% of Forest Hill Capital LLC’s investment portfolio, making the stock its largest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PHYS. Pekin Hardy Strauss Inc. bought a new position in shares of Sprott Physical Gold Trust in the third quarter valued at approximately $138,180,000. Evanson Financial LLC bought a new position in Sprott Physical Gold Trust during the 2nd quarter valued at $108,576,000. IMC Chicago LLC lifted its stake in Sprott Physical Gold Trust by 494.3% during the 1st quarter. IMC Chicago LLC now owns 2,449,218 shares of the exchange traded fund’s stock valued at $86,800,000 after acquiring an additional 2,037,133 shares in the last quarter. Kestra Advisory Services LLC lifted its position in shares of Sprott Physical Gold Trust by 6.4% during the third quarter. Kestra Advisory Services LLC now owns 2,107,253 shares of the exchange traded fund’s stock valued at $65,894,000 after purchasing an additional 126,300 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of Sprott Physical Gold Trust by 5.6% during the first quarter. Cetera Investment Advisers now owns 1,726,789 shares of the exchange traded fund’s stock valued at $61,197,000 after purchasing an additional 91,695 shares in the last quarter.

Sprott Physical Gold Trust Stock Performance

Sprott Physical Gold Trust stock opened at $30.10 on Thursday. Sprott Physical Gold Trust has a fifty-two week low of $29.27 and a fifty-two week high of $42.07. The firm’s 50-day simple moving average is $31.55 and its 200 day simple moving average is $33.82.

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.