Truist Financial Corp Has $1.83 Million Stock Position in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Truist Financial Corp raised its stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 7.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,924 shares of the exchange traded fund’s stock after acquiring an additional 6,122 shares during the quarter. Truist Financial Corp’s holdings in Sprott Physical Gold Trust were worth $1,831,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of PHYS. IMC Chicago LLC grew its stake in shares of Sprott Physical Gold Trust by 5,078.7% during the fourth quarter. IMC Chicago LLC now owns 2,025,763 shares of the exchange traded fund’s stock valued at $40,799,000 after purchasing an additional 1,986,646 shares during the last quarter. Captrust Financial Advisors boosted its position in Sprott Physical Gold Trust by 13.9% in the 3rd quarter. Captrust Financial Advisors now owns 2,277,485 shares of the exchange traded fund’s stock valued at $46,415,000 after buying an additional 277,117 shares during the last quarter. Kera Capital Partners Inc. acquired a new stake in shares of Sprott Physical Gold Trust in the 4th quarter valued at $4,512,000. Elevate Capital Advisors LLC bought a new stake in shares of Sprott Physical Gold Trust during the fourth quarter worth $4,428,000. Finally, JPMorgan Chase & Co. raised its position in shares of Sprott Physical Gold Trust by 74.1% during the third quarter. JPMorgan Chase & Co. now owns 395,289 shares of the exchange traded fund’s stock worth $8,056,000 after acquiring an additional 168,288 shares during the last quarter.

Sprott Physical Gold Trust Trading Up 0.2 %

Sprott Physical Gold Trust stock opened at $22.66 on Thursday. The business’s 50-day simple moving average is $21.30 and its 200 day simple moving average is $20.63. Sprott Physical Gold Trust has a 12-month low of $15.63 and a 12-month high of $22.91.

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.