McAlvany Wealth Management LLC acquired a new position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS – Free Report) in the 4th quarter, Holdings Channel.com reports. The firm acquired 17,055 shares of the exchange traded fund’s stock, valued at approximately $563,000.
A number of other large investors have also recently bought and sold shares of the company. Fiduciary Alliance LLC raised its position in shares of Sprott Physical Gold Trust by 4.4% in the 4th quarter. Fiduciary Alliance LLC now owns 7,195 shares of the exchange traded fund’s stock valued at $238,000 after buying an additional 300 shares in the last quarter. Latitude Advisors LLC lifted its stake in Sprott Physical Gold Trust by 1.0% during the fourth quarter. Latitude Advisors LLC now owns 30,540 shares of the exchange traded fund’s stock worth $1,008,000 after purchasing an additional 300 shares during the last quarter. Principal Securities Inc. boosted its holdings in shares of Sprott Physical Gold Trust by 2.5% in the 4th quarter. Principal Securities Inc. now owns 12,600 shares of the exchange traded fund’s stock valued at $416,000 after purchasing an additional 302 shares in the last quarter. Euro Pacific Asset Management LLC increased its stake in shares of Sprott Physical Gold Trust by 0.9% in the 4th quarter. Euro Pacific Asset Management LLC now owns 48,180 shares of the exchange traded fund’s stock valued at $1,591,000 after purchasing an additional 408 shares during the last quarter. Finally, Manchester Financial Inc. increased its stake in shares of Sprott Physical Gold Trust by 5.9% in the 4th quarter. Manchester Financial Inc. now owns 7,360 shares of the exchange traded fund’s stock valued at $243,000 after purchasing an additional 410 shares during the last quarter.
Sprott Physical Gold Trust Stock Performance
Shares of PHYS stock opened at $31.82 on Friday. The business has a fifty day simple moving average of $34.41 and a 200 day simple moving average of $35.35. Sprott Physical Gold Trust has a twelve month low of $24.86 and a twelve month high of $42.07.
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. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.
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