Sprott Physical Gold Trust (NYSEARCA:PHYS) Shares Bought by Apollon Wealth Management LLC

Apollon Wealth Management LLC increased its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 64.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,448 shares of the exchange traded fund’s stock after buying an additional 15,780 shares during the quarter. Apollon Wealth Management LLC’s holdings in Sprott Physical Gold Trust were worth $973,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in PHYS. Continuum Advisory LLC raised its position in shares of Sprott Physical Gold Trust by 162.9% in the first quarter. Continuum Advisory LLC now owns 1,472 shares of the exchange traded fund’s stock worth $35,000 after acquiring an additional 912 shares during the period. North Capital Inc. purchased a new stake in Sprott Physical Gold Trust during the 1st quarter valued at about $37,000. Center for Financial Planning Inc. purchased a new stake in Sprott Physical Gold Trust during the 1st quarter valued at about $39,000. Morton Brown Family Wealth LLC purchased a new stake in Sprott Physical Gold Trust during the 1st quarter valued at about $42,000. Finally, First Horizon Advisors Inc. purchased a new stake in shares of Sprott Physical Gold Trust in the 1st quarter valued at approximately $43,000.

Sprott Physical Gold Trust Price Performance

Sprott Physical Gold Trust stock opened at $25.58 on Friday. The firm has a 50 day simple moving average of $25.42 and a 200-day simple moving average of $23.78. Sprott Physical Gold Trust has a 1-year low of $18.23 and a 1-year 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.