Sprott Physical Gold Trust $PHYS Shares Acquired by D.A. Davidson & CO.

D.A. Davidson & CO. boosted its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 232.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 99,054 shares of the exchange traded fund’s stock after buying an additional 69,233 shares during the period. D.A. Davidson & CO.’s holdings in Sprott Physical Gold Trust were worth $3,271,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Concurrent Investment Advisors LLC increased its stake in Sprott Physical Gold Trust by 129.2% in the third quarter. Concurrent Investment Advisors LLC now owns 50,432 shares of the exchange traded fund’s stock valued at $1,494,000 after purchasing an additional 28,428 shares during the last quarter. Enclave Advisors LLC purchased a new position in shares of Sprott Physical Gold Trust in the 4th quarter valued at $3,022,000. CWM LLC raised its stake in Sprott Physical Gold Trust by 64.0% during the 3rd quarter. CWM LLC now owns 70,078 shares of the exchange traded fund’s stock worth $2,076,000 after acquiring an additional 27,355 shares in the last quarter. Cyndeo Wealth Partners LLC lifted its position in Sprott Physical Gold Trust by 4.3% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 696,431 shares of the exchange traded fund’s stock valued at $22,996,000 after acquiring an additional 28,702 shares during the last quarter. Finally, Dakota Wealth Management boosted its stake in Sprott Physical Gold Trust by 21.5% in the third quarter. Dakota Wealth Management now owns 147,217 shares of the exchange traded fund’s stock valued at $4,361,000 after acquiring an additional 26,060 shares in the last quarter.

Sprott Physical Gold Trust Stock Up 1.9%

Shares of PHYS stock opened at $35.02 on Friday. The stock’s 50-day moving average is $36.68 and its two-hundred day moving average is $34.71. Sprott Physical Gold Trust has a 1 year low of $24.07 and a 1 year high of $42.07.

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.