Compound Planning Inc. increased its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS – Free Report) by 91.2% during the first quarter, HoldingsChannel.com reports. The fund owned 44,841 shares of the exchange traded fund’s stock after buying an additional 21,391 shares during the period. Compound Planning Inc.’s holdings in Sprott Physical Gold Trust were worth $1,589,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the business. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Sprott Physical Gold Trust during the 4th quarter worth approximately $33,000. Financial Management Professionals Inc. acquired a new stake in shares of Sprott Physical Gold Trust in the fourth quarter valued at approximately $36,000. Scarborough Advisors LLC increased its holdings in shares of Sprott Physical Gold Trust by 2,202.0% in the first quarter. Scarborough Advisors LLC now owns 1,151 shares of the exchange traded fund’s stock valued at $41,000 after purchasing an additional 1,101 shares during the last quarter. Eastern Bank acquired a new stake in shares of Sprott Physical Gold Trust in the fourth quarter valued at approximately $47,000. Finally, Main Street Group LTD purchased a new position in Sprott Physical Gold Trust during the first quarter worth approximately $54,000.
Sprott Physical Gold Trust Trading Up 0.1%
Shares of Sprott Physical Gold Trust stock opened at $30.64 on Friday. The business’s 50 day moving average price is $31.92 and its 200 day moving average price is $34.94. Sprott Physical Gold Trust has a one year low of $25.00 and a one year 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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