Pettinga Financial Advisors LLC Boosts Stake in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Pettinga Financial Advisors LLC lifted its position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 29.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,197 shares of the exchange traded fund’s stock after acquiring an additional 10,550 shares during the quarter. Pettinga Financial Advisors LLC’s holdings in Sprott Physical Gold Trust were worth $930,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of PHYS. Harmony Asset Management LLC lifted its stake in Sprott Physical Gold Trust by 11.7% in the 4th quarter. Harmony Asset Management LLC now owns 38,761 shares of the exchange traded fund’s stock valued at $781,000 after buying an additional 4,067 shares in the last quarter. Waverly Advisors LLC lifted its stake in Sprott Physical Gold Trust by 52.2% in the 4th quarter. Waverly Advisors LLC now owns 46,855 shares of the exchange traded fund’s stock valued at $944,000 after buying an additional 16,076 shares in the last quarter. Willis Johnson & Associates Inc. purchased a new position in Sprott Physical Gold Trust in the 4th quarter valued at about $219,000. Vident Advisory LLC lifted its stake in Sprott Physical Gold Trust by 3.9% in the 4th quarter. Vident Advisory LLC now owns 292,469 shares of the exchange traded fund’s stock valued at $5,890,000 after buying an additional 10,934 shares in the last quarter. Finally, Westwood Holdings Group Inc. purchased a new position in Sprott Physical Gold Trust in the 4th quarter valued at about $514,000.

Sprott Physical Gold Trust Stock Down 0.9%

Shares of Sprott Physical Gold Trust stock opened at $25.13 on Friday. Sprott Physical Gold Trust has a twelve month low of $17.80 and a twelve month high of $26.36. The firm’s 50-day moving average price is $24.53 and its 200 day moving average price is $22.33.

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.