Harbour Wealth Management Group Inc. acquired a new stake in Sprott Physical Gold Trust (NYSEARCA:PHYS – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 394,729 shares of the exchange traded fund’s stock, valued at approximately $13,034,000. Sprott Physical Gold Trust makes up approximately 10.2% of Harbour Wealth Management Group Inc.’s holdings, making the stock its 2nd biggest position. Harbour Wealth Management Group Inc. owned 0.08% of Sprott Physical Gold Trust as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Enclave Advisors LLC acquired a new position in Sprott Physical Gold Trust in the fourth quarter valued at about $3,022,000. BCS Wealth Management increased its holdings in shares of Sprott Physical Gold Trust by 99.1% during the fourth quarter. BCS Wealth Management now owns 55,738 shares of the exchange traded fund’s stock worth $1,840,000 after buying an additional 27,744 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Sprott Physical Gold Trust by 53.9% during the third quarter. EverSource Wealth Advisors LLC now owns 39,609 shares of the exchange traded fund’s stock worth $1,173,000 after buying an additional 13,879 shares in the last quarter. Cyndeo Wealth Partners LLC raised its stake in shares of Sprott Physical Gold Trust by 4.3% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 696,431 shares of the exchange traded fund’s stock valued at $22,996,000 after acquiring an additional 28,702 shares during the last quarter. Finally, Spirepoint Private Client LLC raised its stake in shares of Sprott Physical Gold Trust by 20.9% in the fourth quarter. Spirepoint Private Client LLC now owns 86,865 shares of the exchange traded fund’s stock valued at $2,868,000 after acquiring an additional 15,040 shares during the last quarter.
Sprott Physical Gold Trust Price Performance
Shares of PHYS opened at $31.82 on Friday. Sprott Physical Gold Trust has a one year low of $24.86 and a one year high of $42.07. The business’s 50 day simple moving average is $34.49 and its 200-day simple moving average is $35.38.
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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