Cetera Investment Advisers Grows Stock Holdings in Sprott Physical Gold Trust $PHYS

Cetera Investment Advisers grew its position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 5.6% in the 1st quarter, HoldingsChannel reports. The firm owned 1,726,789 shares of the exchange traded fund’s stock after acquiring an additional 91,695 shares during the quarter. Cetera Investment Advisers’ holdings in Sprott Physical Gold Trust were worth $61,197,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Enclave Advisors LLC bought a new position in Sprott Physical Gold Trust during the fourth quarter valued at approximately $3,022,000. BCS Wealth Management lifted its holdings in shares of Sprott Physical Gold Trust by 99.1% in the 4th quarter. BCS Wealth Management now owns 55,738 shares of the exchange traded fund’s stock worth $1,840,000 after acquiring an additional 27,744 shares during the last quarter. BIP Wealth LLC lifted its holdings in shares of Sprott Physical Gold Trust by 335.2% in the 4th quarter. BIP Wealth LLC now owns 491,350 shares of the exchange traded fund’s stock worth $16,224,000 after acquiring an additional 378,445 shares during the last quarter. Brookwood Investment Group LLC boosted its stake in shares of Sprott Physical Gold Trust by 47.4% in the 4th quarter. Brookwood Investment Group LLC now owns 59,805 shares of the exchange traded fund’s stock valued at $1,975,000 after purchasing an additional 19,237 shares in the last quarter. Finally, Spirepoint Private Client LLC boosted its stake in shares of Sprott Physical Gold Trust by 20.9% in the 4th quarter. Spirepoint Private Client LLC now owns 86,865 shares of the exchange traded fund’s stock valued at $2,868,000 after purchasing an additional 15,040 shares in the last quarter.

Sprott Physical Gold Trust Stock Up 0.1%

PHYS stock opened at $30.64 on Friday. Sprott Physical Gold Trust has a 52 week low of $25.00 and a 52 week high of $42.07. The firm’s fifty day moving average is $31.92 and its 200 day moving average is $34.94.

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. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.