Elevate Capital Advisors LLC Acquires Shares of 219,837 Sprott Physical Gold Trust (NYSEARCA:PHYS)

Elevate Capital Advisors LLC acquired a new stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 219,837 shares of the exchange traded fund’s stock, valued at approximately $4,428,000. Sprott Physical Gold Trust accounts for about 3.9% of Elevate Capital Advisors LLC’s holdings, making the stock its 5th biggest position. Elevate Capital Advisors LLC owned 0.06% of Sprott Physical Gold Trust as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of PHYS. Legacy Investment Solutions LLC acquired a new position in Sprott Physical Gold Trust in the third quarter valued at approximately $28,000. St. Johns Investment Management Company LLC acquired a new position in shares of Sprott Physical Gold Trust in the 3rd quarter valued at $51,000. Missouri Trust & Investment Co lifted its stake in shares of Sprott Physical Gold Trust by 160.9% in the 3rd quarter. Missouri Trust & Investment Co now owns 2,609 shares of the exchange traded fund’s stock valued at $53,000 after purchasing an additional 1,609 shares during the period. First Horizon Advisors Inc. purchased a new stake in Sprott Physical Gold Trust during the third quarter worth $54,000. Finally, AdvisorNet Financial Inc grew its position in Sprott Physical Gold Trust by 7,000.0% during the fourth quarter. AdvisorNet Financial Inc now owns 3,550 shares of the exchange traded fund’s stock valued at $71,000 after buying an additional 3,500 shares during the period.

Sprott Physical Gold Trust Stock Up 0.1 %

PHYS opened at $22.16 on Monday. The company has a fifty day moving average of $20.74 and a two-hundred day moving average of $20.29. Sprott Physical Gold Trust has a fifty-two week low of $15.31 and a fifty-two week high of $22.37.

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.