Bay Colony Advisory Group Inc d b a Bay Colony Advisors Has $2.71 Million Position in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 667.3% during the 1st quarter, Holdings Channel.com reports. The firm owned 113,634 shares of the exchange traded fund’s stock after purchasing an additional 98,824 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Sprott Physical Gold Trust were worth $2,707,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Veracity Capital LLC grew its holdings in Sprott Physical Gold Trust by 2.2% during the 1st quarter. Veracity Capital LLC now owns 19,380 shares of the exchange traded fund’s stock worth $466,000 after acquiring an additional 419 shares during the last quarter. J.W. Cole Advisors Inc. lifted its position in shares of Sprott Physical Gold Trust by 1.2% during the fourth quarter. J.W. Cole Advisors Inc. now owns 42,131 shares of the exchange traded fund’s stock worth $849,000 after purchasing an additional 519 shares in the last quarter. Nwam LLC grew its stake in shares of Sprott Physical Gold Trust by 0.9% during the fourth 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 during the last quarter. BIP Wealth LLC grew its stake in shares of Sprott Physical Gold Trust by 0.6% during the fourth quarter. BIP Wealth LLC now owns 104,482 shares of the exchange traded fund’s stock valued at $2,104,000 after purchasing an additional 612 shares during the last quarter. Finally, Harbour Investments Inc. increased its holdings in shares of Sprott Physical Gold Trust by 1.9% in the fourth quarter. Harbour Investments Inc. now owns 34,857 shares of the exchange traded fund’s stock valued at $702,000 after purchasing an additional 650 shares in the last quarter.

Sprott Physical Gold Trust Stock Performance

PHYS stock opened at $25.85 on Thursday. The company has a 50 day moving average price of $25.30 and a 200 day moving average price of $23.02. Sprott Physical Gold Trust has a fifty-two week low of $17.84 and a fifty-two week high of $26.42.

Sprott Physical Gold Trust Company 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.