Cyndeo Wealth Partners LLC Has $13.43 Million Stake in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Cyndeo Wealth Partners LLC increased its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 1.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 666,973 shares of the exchange traded fund’s stock after buying an additional 11,513 shares during the quarter. Sprott Physical Gold Trust accounts for about 0.9% of Cyndeo Wealth Partners LLC’s investment portfolio, making the stock its 25th largest holding. Cyndeo Wealth Partners LLC’s holdings in Sprott Physical Gold Trust were worth $13,433,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new stake in shares of Sprott Physical Gold Trust during the 3rd quarter valued at $28,000. Sunbelt Securities Inc. acquired a new position in Sprott Physical Gold Trust in the second quarter valued at about $51,000. St. Johns Investment Management Company LLC bought a new stake in Sprott Physical Gold Trust during the third quarter worth about $51,000. Missouri Trust & Investment Co grew its stake in Sprott Physical Gold Trust by 160.9% during the third quarter. Missouri Trust & Investment Co now owns 2,609 shares of the exchange traded fund’s stock worth $53,000 after buying an additional 1,609 shares in the last quarter. Finally, First Horizon Advisors Inc. bought a new position in Sprott Physical Gold Trust in the 3rd quarter valued at about $54,000.

Sprott Physical Gold Trust Stock Up 0.6 %

Shares of Sprott Physical Gold Trust stock opened at $21.42 on Friday. The company has a 50 day moving average of $20.46 and a 200-day moving average of $20.06. Sprott Physical Gold Trust has a 1-year low of $15.31 and a 1-year high of $21.70.

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.