BCS Wealth Management boosted its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS – Free Report) by 172.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,642 shares of the exchange traded fund’s stock after buying an additional 20,670 shares during the period. BCS Wealth Management’s holdings in Sprott Physical Gold Trust were worth $785,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also modified their holdings of PHYS. Jones Financial Companies Lllp acquired a new position in shares of Sprott Physical Gold Trust in the fourth quarter valued at about $39,000. Smartleaf Asset Management LLC acquired a new position in shares of Sprott Physical Gold Trust in the fourth quarter valued at about $40,000. Smithfield Trust Co acquired a new position in shares of Sprott Physical Gold Trust in the fourth quarter valued at about $50,000. Creative Financial Designs Inc. ADV acquired a new position in shares of Sprott Physical Gold Trust in the fourth quarter valued at about $50,000. Finally, NBC Securities Inc. increased its holdings in shares of Sprott Physical Gold Trust by 111,150.0% in the first quarter. NBC Securities Inc. now owns 2,225 shares of the exchange traded fund’s stock valued at $53,000 after purchasing an additional 2,223 shares during the period.
Sprott Physical Gold Trust Price Performance
Shares of PHYS stock opened at $25.28 on Friday. The stock’s 50-day simple moving average is $24.94 and its 200-day simple moving average is $22.74. Sprott Physical Gold Trust has a fifty-two week low of $17.83 and a fifty-two week high of $26.36.
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.
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