Summit Financial LLC grew its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS – Free Report) by 11.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 419,308 shares of the exchange traded fund’s stock after purchasing an additional 44,631 shares during the quarter. Summit Financial LLC owned about 0.09% of Sprott Physical Gold Trust worth $13,846,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PHYS. AQR Capital Management LLC bought a new position in Sprott Physical Gold Trust during the first quarter worth about $260,000. Focus Partners Wealth bought a new position in Sprott Physical Gold Trust during the first quarter worth about $200,000. Cerity Partners LLC raised its stake in shares of Sprott Physical Gold Trust by 14.0% during the 2nd quarter. Cerity Partners LLC now owns 77,964 shares of the exchange traded fund’s stock valued at $1,976,000 after purchasing an additional 9,585 shares during the period. NewEdge Advisors LLC raised its stake in shares of Sprott Physical Gold Trust by 43.6% during the 2nd quarter. NewEdge Advisors LLC now owns 91,329 shares of the exchange traded fund’s stock valued at $2,315,000 after purchasing an additional 27,724 shares during the period. Finally, Darwin Wealth Management LLC bought a new stake in shares of Sprott Physical Gold Trust during the 2nd quarter valued at $489,000.
Sprott Physical Gold Trust Trading Up 0.2%
NYSEARCA:PHYS opened at $31.75 on Friday. Sprott Physical Gold Trust has a 52-week low of $24.86 and a 52-week high of $42.07. The business’s fifty day moving average is $34.74 and its 200 day moving average is $35.34.
Sprott Physical Gold Trust 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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