Sprott Physical Gold Trust (NYSEARCA:PHYS) has seen an increase in ownership from top investors in the fourth quarter, with Ancora Advisors LLC growing its position by 2.5% to become the largest shareholder. This trend suggests that investors are betting on the long-term value of gold, despite recent price fluctuations.
Top Investors Take a Bullish Stance
Several other hedge funds and institutional investors have also modified their holdings of PHYS, showcasing a collective bullish stance on the gold market. These investors include:
- AdvisorNet Financial Inc
- JPMorgan Chase & Co.
- Sigma Planning Corp
- Smartleaf Asset Management LLC
- Synergy Asset Management LLC
These investors have increased their stakes in PHYS, demonstrating a strong belief in the metal’s long-term value.
Investor Insights
* Ancora Advisors LLC owns approximately 0.06% of Sprott Physical Gold Trust worth $4,854,000 as of its most recent SEC filing. * AdvisorNet Financial Inc boosted its holdings in Sprott Physical Gold Trust by 7,000.0% during the 4th quarter. * JPMorgan Chase & Co. boosted its stake in shares of Sprott Physical Gold Trust by 74.1% in the third quarter. * Sigma Planning Corp grew its holdings in shares of Sprott Physical Gold Trust by 1.2% in the fourth quarter. * Smartleaf Asset Management LLC acquired a new stake in Sprott Physical Gold Trust during the 4th quarter worth approximately $40,000. * Synergy Asset Management LLC purchased a new position in Sprott Physical Gold Trust in the 4th quarter valued at approximately $96,000.
A Look at the Numbers
| Investor | Shares Owned | Value (USD) | % Change |
| Ancora Advisors LLC | 241,019 | $4,854,000 | 2.5% |
| AdvisorNet Financial Inc | 3,550 | $71,000 | 7,000.0% |
| JPMorgan Chase & Co. | 395,289 | $8,056,000 | 74.1% |
| Sigma Planning Corp | 63,560 | $1,280,000 | 1.2% |
| Smartleaf Asset Management LLC | N/A | $40,000 | N/A |
| Synergy Asset Management LLC | N/A | $96,000 | N/A |
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.
Investor Sentiment
While Sprott Physical Gold Trust has seen increased ownership from top investors, the overall sentiment is mixed. The stock has a twelve month low of $17.80 and a twelve month high of $26.36. The stock’s fifty day simple moving average is $23.86 and its 200-day simple moving average is $21.97.
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Conclusion
Sprott Physical Gold Trust has seen an increase in ownership from top investors, with Ancora Advisors LLC growing its position by 2.5% to become the largest shareholder. This trend suggests that investors are betting on the long-term value of gold, despite recent price fluctuations. While the overall sentiment is mixed, top investors are taking a bullish stance on the gold market. If you’re considering investing in Sprott Physical Gold Trust, it’s essential to stay informed and monitor the stock’s performance.
