Sankala Group LLC Makes New Investment in Sprott Physical Gold Trust $PHYS

Sankala Group LLC bought a new stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 18,740 shares of the exchange traded fund’s stock, valued at approximately $619,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Royal Bank of Canada grew its position in shares of Sprott Physical Gold Trust by 8.2% during the fourth quarter. Royal Bank of Canada now owns 9,516,053 shares of the exchange traded fund’s stock worth $314,220,000 after buying an additional 724,321 shares in the last quarter. Federation des caisses Desjardins du Quebec increased its stake in shares of Sprott Physical Gold Trust by 2.3% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 5,589,846 shares of the exchange traded fund’s stock worth $184,642,000 after buying an additional 125,087 shares during the last quarter. Heritage Wealth Advisors acquired a new stake in Sprott Physical Gold Trust in the fourth quarter valued at $169,676,000. Pekin Hardy Strauss Inc. raised its holdings in Sprott Physical Gold Trust by 1.3% in the fourth quarter. Pekin Hardy Strauss Inc. now owns 4,318,119 shares of the exchange traded fund’s stock valued at $142,584,000 after acquiring an additional 56,549 shares in the last quarter. Finally, Jupiter Asset Management Ltd. boosted its stake in Sprott Physical Gold Trust by 9.9% during the 4th quarter. Jupiter Asset Management Ltd. now owns 3,457,370 shares of the exchange traded fund’s stock valued at $114,197,000 after acquiring an additional 311,515 shares during the last quarter.

Sprott Physical Gold Trust Stock Performance

NYSEARCA PHYS opened at $31.82 on Friday. Sprott Physical Gold Trust has a 12 month low of $24.86 and a 12 month high of $42.07. The company’s fifty day moving average price is $34.41 and its two-hundred day moving average price is $35.35.

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