Private Client Services LLC boosted its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS – Free Report) by 236.5% during the second quarter, Holdings Channel.com reports. The fund owned 72,249 shares of the exchange traded fund’s stock after acquiring an additional 50,778 shares during the period. Private Client Services LLC’s holdings in Sprott Physical Gold Trust were worth $2,180,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PHYS. BCS Wealth Management raised its stake in Sprott Physical Gold Trust by 99.1% in the fourth quarter. BCS Wealth Management now owns 55,738 shares of the exchange traded fund’s stock valued at $1,840,000 after purchasing an additional 27,744 shares in the last quarter. BIP Wealth LLC grew its stake in Sprott Physical Gold Trust by 335.2% during the fourth quarter. BIP Wealth LLC now owns 491,350 shares of the exchange traded fund’s stock worth $16,224,000 after buying an additional 378,445 shares in the last quarter. Brookwood Investment Group LLC grew its stake in Sprott Physical Gold Trust by 47.4% during the fourth quarter. Brookwood Investment Group LLC now owns 59,805 shares of the exchange traded fund’s stock worth $1,975,000 after buying an additional 19,237 shares in the last quarter. Spirepoint Private Client LLC increased its holdings in Sprott Physical Gold Trust by 20.9% in the 4th quarter. Spirepoint Private Client LLC now owns 86,865 shares of the exchange traded fund’s stock valued at $2,868,000 after buying an additional 15,040 shares during the period. Finally, KOM Wealth Management Group LLC increased its holdings in Sprott Physical Gold Trust by 15.2% in the 4th quarter. KOM Wealth Management Group LLC now owns 120,896 shares of the exchange traded fund’s stock valued at $3,992,000 after buying an additional 15,930 shares during the period.
Sprott Physical Gold Trust Stock Performance
Shares of NYSEARCA:PHYS opened at $30.68 on Tuesday. The firm has a 50 day moving average of $31.49 and a 200-day moving average of $34.79. Sprott Physical Gold Trust has a 12 month low of $25.42 and a 12 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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Want to see what other hedge funds are holding PHYS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sprott Physical Gold Trust (NYSEARCA:PHYS – Free Report).
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