Sprott Physical Gold Trust $PHYS Shares Purchased by Prospera Financial Services Inc

Prospera Financial Services Inc boosted its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 49.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 482,843 shares of the exchange traded fund’s stock after buying an additional 160,832 shares during the period. Prospera Financial Services Inc owned 0.10% of Sprott Physical Gold Trust worth $12,240,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. HB Wealth Management LLC purchased a new stake in shares of Sprott Physical Gold Trust in the 2nd quarter valued at approximately $211,000. IFP Advisors Inc raised its position in shares of Sprott Physical Gold Trust by 40.4% during the 1st quarter. IFP Advisors Inc now owns 37,759 shares of the exchange traded fund’s stock valued at $908,000 after buying an additional 10,872 shares during the period. Brown Advisory Inc. acquired a new position in Sprott Physical Gold Trust in the first quarter valued at approximately $241,000. Kestra Private Wealth Services LLC grew its position in Sprott Physical Gold Trust by 2.6% in the first quarter. Kestra Private Wealth Services LLC now owns 52,283 shares of the exchange traded fund’s stock worth $1,258,000 after acquiring an additional 1,349 shares during the period. Finally, Assetmark Inc. acquired a new stake in Sprott Physical Gold Trust during the first quarter worth $31,000.

Sprott Physical Gold Trust Stock Performance

NYSEARCA:PHYS opened at $30.42 on Friday. Sprott Physical Gold Trust has a 52 week low of $19.63 and a 52 week high of $33.31. The stock’s fifty day moving average is $29.62 and its two-hundred day moving average is $26.95.

Sprott Physical Gold Trust Company 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.