Private Client Services LLC boosted its position in Sprott Physical Gold Trust (NYSEARCA:PHYS – Free Report) by 236.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 72,249 shares of the exchange traded fund’s stock after purchasing an additional 50,778 shares during the quarter. Private Client Services LLC’s holdings in Sprott Physical Gold Trust were worth $2,180,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Sprott Physical Gold Trust during the fourth quarter worth $33,000. Financial Management Professionals Inc. bought a new stake in shares of Sprott Physical Gold Trust in the fourth quarter valued at about $36,000. Scarborough Advisors LLC boosted its position in shares of Sprott Physical Gold Trust by 2,202.0% in the first quarter. Scarborough Advisors LLC now owns 1,151 shares of the exchange traded fund’s stock valued at $41,000 after acquiring an additional 1,101 shares during the period. Main Street Group LTD acquired a new position in shares of Sprott Physical Gold Trust in the first quarter valued at about $54,000. Finally, Mcguire Capital Advisors Inc. acquired a new position in shares of Sprott Physical Gold Trust in the fourth quarter valued at about $64,000.
Sprott Physical Gold Trust Stock Up 0.3%
NYSEARCA:PHYS opened at $30.68 on Tuesday. Sprott Physical Gold Trust has a 52 week low of $25.42 and a 52 week high of $42.07. The firm’s 50-day simple moving average is $31.49 and its 200 day simple moving average is $34.79.
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. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.
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