Westwood Holdings Group Inc. Buys New Position in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Westwood Holdings Group Inc. bought a new stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 25,499 shares of the exchange traded fund’s stock, valued at approximately $514,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. J.W. Cole Advisors Inc. boosted its position in shares of Sprott Physical Gold Trust by 1.2% during the 4th quarter. J.W. Cole Advisors Inc. now owns 42,131 shares of the exchange traded fund’s stock valued at $849,000 after purchasing an additional 519 shares in the last quarter. Nwam LLC boosted its position in shares of Sprott Physical Gold Trust by 0.9% during the 4th quarter. Nwam LLC now owns 62,364 shares of the exchange traded fund’s stock valued at $1,256,000 after purchasing an additional 557 shares in the last quarter. Quadrant Private Wealth Management LLC boosted its position in shares of Sprott Physical Gold Trust by 0.6% during the 4th quarter. Quadrant Private Wealth Management LLC now owns 94,738 shares of the exchange traded fund’s stock valued at $1,908,000 after purchasing an additional 600 shares in the last quarter. Avior Wealth Management LLC boosted its position in shares of Sprott Physical Gold Trust by 12.0% during the 4th quarter. Avior Wealth Management LLC now owns 5,700 shares of the exchange traded fund’s stock valued at $115,000 after purchasing an additional 610 shares in the last quarter. Finally, BIP Wealth LLC boosted its holdings in shares of Sprott Physical Gold Trust by 0.6% in the fourth quarter. BIP Wealth LLC now owns 104,482 shares of the exchange traded fund’s stock worth $2,104,000 after buying an additional 612 shares during the period.

Sprott Physical Gold Trust Trading Up 2.1%

Shares of PHYS opened at $25.12 on Wednesday. Sprott Physical Gold Trust has a one year low of $17.80 and a one year high of $26.36. The company has a 50-day moving average of $24.44 and a two-hundred day moving average of $22.28.

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.