Compound Global Advisors LLC Buys New Position in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Compound Global Advisors LLC purchased a new position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) in the first quarter, HoldingsChannel reports. The fund purchased 10,521 shares of the exchange traded fund’s stock, valued at approximately $253,000.

Other large investors have also recently bought and sold shares of the company. Cidel Asset Management Inc. bought a new stake in Sprott Physical Gold Trust during the 1st quarter worth about $215,000. Mather Group LLC. increased its position in shares of Sprott Physical Gold Trust by 550.6% in the first quarter. Mather Group LLC. now owns 10,449 shares of the exchange traded fund’s stock valued at $251,000 after acquiring an additional 8,843 shares during the last quarter. Morton Brown Family Wealth LLC acquired a new stake in shares of Sprott Physical Gold Trust in the first quarter valued at about $42,000. Verity Asset Management Inc. raised its holdings in Sprott Physical Gold Trust by 25.9% during the first quarter. Verity Asset Management Inc. now owns 51,791 shares of the exchange traded fund’s stock worth $1,246,000 after acquiring an additional 10,660 shares in the last quarter. Finally, Essex Financial Services Inc. raised its holdings in Sprott Physical Gold Trust by 0.5% during the first quarter. Essex Financial Services Inc. now owns 417,746 shares of the exchange traded fund’s stock worth $10,051,000 after acquiring an additional 2,061 shares in the last quarter.

Sprott Physical Gold Trust Stock Performance

PHYS stock opened at $25.52 on Wednesday. The business has a 50 day moving average price of $25.36 and a two-hundred day moving average price of $23.36. Sprott Physical Gold Trust has a twelve month low of $18.05 and a twelve month high of $26.42.

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.