Black Diamond Financial LLC Makes New Investment in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Black Diamond Financial LLC bought a new stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 36,800 shares of the exchange traded fund’s stock, valued at approximately $665,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. J.W. Cole Advisors Inc. raised its position in Sprott Physical Gold Trust by 7.4% in the second quarter. J.W. Cole Advisors Inc. now owns 42,012 shares of the exchange traded fund’s stock valued at $759,000 after purchasing an additional 2,900 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Sprott Physical Gold Trust by 28.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,615,548 shares of the exchange traded fund’s stock valued at $29,177,000 after buying an additional 361,514 shares during the period. Thoroughbred Financial Services LLC raised its holdings in shares of Sprott Physical Gold Trust by 24.1% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 12,595 shares of the exchange traded fund’s stock valued at $227,000 after buying an additional 2,445 shares during the period. Perritt Capital Management Inc lifted its position in Sprott Physical Gold Trust by 1.1% during the 2nd quarter. Perritt Capital Management Inc now owns 352,572 shares of the exchange traded fund’s stock worth $6,367,000 after acquiring an additional 3,815 shares in the last quarter. Finally, Seaview Investment Managers LLC boosted its holdings in Sprott Physical Gold Trust by 3.6% in the 2nd quarter. Seaview Investment Managers LLC now owns 101,117 shares of the exchange traded fund’s stock worth $1,826,000 after acquiring an additional 3,500 shares during the period.

Sprott Physical Gold Trust Stock Up 1.2 %

Shares of NYSEARCA:PHYS opened at $20.04 on Monday. The company has a 50 day moving average of $19.08 and a two-hundred day moving average of $18.26. Sprott Physical Gold Trust has a 52-week low of $14.00 and a 52-week high of $20.05.

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.