Farther Finance Advisors LLC Acquires 143,749 Shares of Sprott Physical Gold Trust (NYSEARCA:PHYS)

Farther Finance Advisors LLC grew its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 448.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 175,784 shares of the exchange traded fund’s stock after buying an additional 143,749 shares during the period. Farther Finance Advisors LLC’s holdings in Sprott Physical Gold Trust were worth $3,540,000 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 bought a new stake in shares of Sprott Physical Gold Trust during the 3rd quarter valued at $28,000. Jones Financial Companies Lllp bought a new position in Sprott Physical Gold Trust in the 4th quarter worth about $39,000. Smartleaf Asset Management LLC bought a new position in Sprott Physical Gold Trust in the 4th quarter worth about $40,000. Smithfield Trust Co bought a new position in Sprott Physical Gold Trust in the 4th quarter worth about $50,000. Finally, First Horizon Advisors Inc. bought a new position in Sprott Physical Gold Trust in the 3rd quarter worth about $54,000.

Sprott Physical Gold Trust Trading Up 0.6 %

Shares of Sprott Physical Gold Trust stock opened at $22.78 on Thursday. The firm’s 50-day moving average is $21.79 and its 200 day moving average is $20.86. Sprott Physical Gold Trust has a 1 year low of $16.66 and a 1 year high of $22.91.

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.