Cetera Investment Advisers raised its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS – Free Report) by 3.7% in the fourth quarter, Holdings Channel reports. The fund owned 1,131,468 shares of the exchange traded fund’s stock after acquiring an additional 40,185 shares during the period. Cetera Investment Advisers’ holdings in Sprott Physical Gold Trust were worth $22,788,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in PHYS. Jones Financial Companies Lllp bought a new position in Sprott Physical Gold Trust during the 4th quarter valued at about $39,000. Smartleaf Asset Management LLC acquired a new position in shares of Sprott Physical Gold Trust in the 4th quarter worth approximately $40,000. Smithfield Trust Co bought a new stake in Sprott Physical Gold Trust during the 4th quarter worth approximately $50,000. Creative Financial Designs Inc. ADV acquired a new stake in Sprott Physical Gold Trust during the 4th quarter valued at $50,000. Finally, Salomon & Ludwin LLC bought a new position in Sprott Physical Gold Trust in the 4th quarter valued at $65,000.
Sprott Physical Gold Trust Stock Down 2.1 %
Sprott Physical Gold Trust stock opened at $25.23 on Friday. The stock has a 50-day simple moving average of $24.12 and a 200 day simple moving average of $22.09. Sprott Physical Gold Trust has a 12-month low of $17.80 and a 12-month high of $26.36.
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.
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Want to see what other hedge funds are holding PHYS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sprott Physical Gold Trust (NYSEARCA:PHYS – Free Report).
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