Flagship Wealth Advisors LLC Invests $76,000 in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Flagship Wealth Advisors LLC purchased a new position in Sprott Physical Gold Trust (NYSEARCA:PHYS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,776 shares of the exchange traded fund’s stock, valued at approximately $76,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PHYS. Pettinga Financial Advisors LLC lifted its position in shares of Sprott Physical Gold Trust by 8.2% in the 3rd quarter. Pettinga Financial Advisors LLC now owns 35,647 shares of the exchange traded fund’s stock worth $726,000 after purchasing an additional 2,700 shares during the period. OneDigital Investment Advisors LLC lifted its position in shares of Sprott Physical Gold Trust by 113.0% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 27,458 shares of the exchange traded fund’s stock worth $560,000 after purchasing an additional 14,564 shares during the period. Natixis Advisors LLC acquired a new position in shares of Sprott Physical Gold Trust in the 3rd quarter worth approximately $219,000. Islay Capital Management LLC increased its stake in shares of Sprott Physical Gold Trust by 1.4% in the 3rd quarter. Islay Capital Management LLC now owns 41,161 shares of the exchange traded fund’s stock valued at $839,000 after acquiring an additional 550 shares in the last quarter. Finally, Capital City Trust Co. FL bought a new stake in shares of Sprott Physical Gold Trust in the 3rd quarter valued at $209,000.

Sprott Physical Gold Trust Trading Up 0.7 %

NYSEARCA:PHYS opened at $23.25 on Tuesday. The company has a fifty day moving average of $21.95 and a 200-day moving average of $20.94. Sprott Physical Gold Trust has a twelve month low of $16.66 and a twelve month high of $23.45.

Sprott Physical Gold Trust Profile

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.