Integrated Wealth Concepts LLC Boosts Stake in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Integrated Wealth Concepts LLC increased its stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 3.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 656,107 shares of the exchange traded fund’s stock after purchasing an additional 23,162 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Sprott Physical Gold Trust were worth $13,214,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Jones Financial Companies Lllp purchased a new position in shares of Sprott Physical Gold Trust during the 4th quarter valued at about $39,000. Smartleaf Asset Management LLC purchased a new position in Sprott Physical Gold Trust during the fourth quarter valued at approximately $40,000. Smithfield Trust Co bought a new position in shares of Sprott Physical Gold Trust in the fourth quarter worth approximately $50,000. Creative Financial Designs Inc. ADV purchased a new stake in shares of Sprott Physical Gold Trust in the fourth quarter worth $50,000. Finally, Salomon & Ludwin LLC bought a new stake in shares of Sprott Physical Gold Trust during the 4th quarter valued at $65,000.

Sprott Physical Gold Trust Stock Up 1.6 %

Shares of Sprott Physical Gold Trust stock opened at $25.45 on Friday. Sprott Physical Gold Trust has a fifty-two week low of $17.64 and a fifty-two week high of $26.36. The company has a fifty day moving average of $23.58 and a 200 day moving average of $21.77.

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.