Mountain Lake Investment Management LLC Purchases 11,000 Shares of Sprott Physical Gold Trust (NYSEARCA:PHYS)

Mountain Lake Investment Management LLC grew its position in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 3.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 376,000 shares of the exchange traded fund’s stock after purchasing an additional 11,000 shares during the period. Sprott Physical Gold Trust comprises about 8.8% of Mountain Lake Investment Management LLC’s holdings, making the stock its 3rd largest position. Mountain Lake Investment Management LLC’s holdings in Sprott Physical Gold Trust were worth $7,570,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of PHYS. Legacy Investment Solutions LLC acquired a new position in Sprott Physical Gold Trust in the 3rd quarter worth about $28,000. St. Johns Investment Management Company LLC acquired a new position in shares of Sprott Physical Gold Trust during the 3rd quarter valued at about $51,000. Missouri Trust & Investment Co increased its holdings in shares of Sprott Physical Gold Trust by 160.9% during the 3rd quarter. Missouri Trust & Investment Co now owns 2,609 shares of the exchange traded fund’s stock valued at $53,000 after acquiring an additional 1,609 shares during the last quarter. First Horizon Advisors Inc. acquired a new position in shares of Sprott Physical Gold Trust during the 3rd quarter valued at about $54,000. Finally, Salomon & Ludwin LLC acquired a new position in shares of Sprott Physical Gold Trust during the 4th quarter valued at about $65,000.

Sprott Physical Gold Trust Price Performance

Shares of NYSEARCA PHYS opened at $22.33 on Friday. The business’s 50-day simple moving average is $20.96 and its 200-day simple moving average is $20.42. Sprott Physical Gold Trust has a 52 week low of $15.40 and a 52 week high of $22.71.

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.