Kestra Advisory Services LLC increased its position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS – Free Report) by 39.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,347,193 shares of the exchange traded fund’s stock after acquiring an additional 382,603 shares during the quarter. Kestra Advisory Services LLC owned about 0.28% of Sprott Physical Gold Trust worth $47,745,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Heritage Wealth Advisors purchased a new position in Sprott Physical Gold Trust in the fourth quarter worth $169,676,000. CENTRAL TRUST Co lifted its holdings in shares of Sprott Physical Gold Trust by 26.3% during the 1st quarter. CENTRAL TRUST Co now owns 5,542,655 shares of the exchange traded fund’s stock valued at $196,432,000 after purchasing an additional 1,154,326 shares during the last quarter. 3EDGE Asset Management LP purchased a new stake in shares of Sprott Physical Gold Trust during the 4th quarter valued at $31,652,000. Royal Bank of Canada boosted its position in shares of Sprott Physical Gold Trust by 8.2% in the 4th quarter. Royal Bank of Canada now owns 9,516,053 shares of the exchange traded fund’s stock worth $314,220,000 after purchasing an additional 724,321 shares in the last quarter. Finally, Jane Street Group LLC boosted its position in shares of Sprott Physical Gold Trust by 65.8% in the 2nd quarter. Jane Street Group LLC now owns 1,618,276 shares of the exchange traded fund’s stock worth $41,023,000 after purchasing an additional 642,224 shares in the last quarter.
Sprott Physical Gold Trust Stock Performance
Shares of PHYS stock opened at $31.08 on Friday. Sprott Physical Gold Trust has a fifty-two week low of $25.00 and a fifty-two week high of $42.07. The stock’s 50-day simple moving average is $32.94 and its 200-day simple moving average is $35.20.
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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