McAlvany Wealth Management LLC Purchases Shares of 17,055 Sprott Physical Gold Trust $PHYS

McAlvany Wealth Management LLC purchased a new position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 17,055 shares of the exchange traded fund’s stock, valued at approximately $563,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in PHYS. Heritage Wealth Advisors acquired a new position in shares of Sprott Physical Gold Trust in the fourth quarter valued at $169,676,000. 3EDGE Asset Management LP acquired a new stake in shares of Sprott Physical Gold Trust during the 4th quarter worth about $31,652,000. Royal Bank of Canada lifted its stake in shares of Sprott Physical Gold Trust by 8.2% during the 4th quarter. Royal Bank of Canada now owns 9,516,053 shares of the exchange traded fund’s stock worth $314,220,000 after buying an additional 724,321 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of Sprott Physical Gold Trust by 65.8% during the 2nd quarter. Jane Street Group LLC now owns 1,618,276 shares of the exchange traded fund’s stock worth $41,023,000 after buying an additional 642,224 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Sprott Physical Gold Trust by 15.5% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 3,035,301 shares of the exchange traded fund’s stock worth $100,226,000 after buying an additional 407,271 shares during the period.

Sprott Physical Gold Trust Price Performance

Sprott Physical Gold Trust stock opened at $31.82 on Friday. Sprott Physical Gold Trust has a twelve month low of $24.86 and a twelve month high of $42.07. The company’s 50-day moving average price is $34.41 and its two-hundred day moving average price is $35.35.

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.