World Investment Advisors lifted its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS – Free Report) by 8.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 207,688 shares of the exchange traded fund’s stock after buying an additional 15,630 shares during the quarter. World Investment Advisors’ holdings in Sprott Physical Gold Trust were worth $6,858,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Concurrent Investment Advisors LLC raised its position in Sprott Physical Gold Trust by 129.2% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 50,432 shares of the exchange traded fund’s stock worth $1,494,000 after buying an additional 28,428 shares during the last quarter. Enclave Advisors LLC acquired a new stake in Sprott Physical Gold Trust in the 4th quarter valued at about $3,022,000. Cyndeo Wealth Partners LLC grew its stake in Sprott Physical Gold Trust by 4.3% in the 4th quarter. Cyndeo Wealth Partners LLC now owns 696,431 shares of the exchange traded fund’s stock valued at $22,996,000 after acquiring an additional 28,702 shares during the last quarter. Dakota Wealth Management grew its stake in Sprott Physical Gold Trust by 21.5% in the 3rd quarter. Dakota Wealth Management now owns 147,217 shares of the exchange traded fund’s stock valued at $4,361,000 after acquiring an additional 26,060 shares during the last quarter. Finally, BCS Wealth Management grew its stake in Sprott Physical Gold Trust by 99.1% in the 4th quarter. BCS Wealth Management now owns 55,738 shares of the exchange traded fund’s stock valued at $1,840,000 after acquiring an additional 27,744 shares during the last quarter.
Sprott Physical Gold Trust Stock Performance
NYSEARCA:PHYS opened at $35.52 on Thursday. The company’s 50-day moving average is $36.09 and its two-hundred day moving average is $34.93. Sprott Physical Gold Trust has a 12-month low of $24.07 and a 12-month high of $42.07.
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. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.
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