Park Avenue Securities LLC purchased a new stake in Sprott Physical Gold Trust (NYSEARCA:PHYS – Free Report) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 38,490 shares of the exchange traded fund’s stock, valued at approximately $1,204,000.
Several other institutional investors also recently bought and sold shares of the business. Money Concepts Capital Corp lifted its stake in shares of Sprott Physical Gold Trust by 10.0% in the first quarter. Money Concepts Capital Corp now owns 276,345 shares of the exchange traded fund’s stock worth $9,794,000 after buying an additional 25,056 shares in the last quarter. Citadel Advisors LLC purchased a new stake in Sprott Physical Gold Trust in the second quarter valued at approximately $592,000. Tidal Investments LLC grew its position in Sprott Physical Gold Trust by 70.5% in the 2nd quarter. Tidal Investments LLC now owns 774,770 shares of the exchange traded fund’s stock valued at $23,375,000 after acquiring an additional 320,296 shares in the last quarter. Compass Financial Management LLC acquired a new position in shares of Sprott Physical Gold Trust in the second quarter valued at approximately $1,161,000. Finally, Highland Investment Advisors LLC acquired a new stake in Sprott Physical Gold Trust during the 2nd quarter worth approximately $660,000.
Sprott Physical Gold Trust Price Performance
Shares of PHYS stock opened at $29.87 on Tuesday. Sprott Physical Gold Trust has a 52 week low of $29.27 and a 52 week high of $42.07. The firm has a 50 day moving average of $32.09 and a two-hundred day moving average of $34.02.
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.
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Want to see what other hedge funds are holding PHYS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sprott Physical Gold Trust (NYSEARCA:PHYS – Free Report).
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