Laurel Wealth Advisors LLC Has $283,000 Stake in Sprott Physical Gold Trust $PHYS

Laurel Wealth Advisors LLC boosted its position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 2,435.1% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 11,180 shares of the exchange traded fund’s stock after buying an additional 10,739 shares during the quarter. Laurel Wealth Advisors LLC’s holdings in Sprott Physical Gold Trust were worth $283,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp increased its stake in shares of Sprott Physical Gold Trust by 4.0% during the 1st quarter. Bank of New York Mellon Corp now owns 18,731 shares of the exchange traded fund’s stock worth $451,000 after purchasing an additional 729 shares during the last quarter. Assetmark Inc. acquired a new position in Sprott Physical Gold Trust during the first quarter worth approximately $31,000. LPL Financial LLC raised its stake in Sprott Physical Gold Trust by 0.6% in the first quarter. LPL Financial LLC now owns 1,460,290 shares of the exchange traded fund’s stock valued at $35,135,000 after buying an additional 9,179 shares during the period. Natixis Advisors LLC raised its stake in Sprott Physical Gold Trust by 48.5% in the first quarter. Natixis Advisors LLC now owns 15,941 shares of the exchange traded fund’s stock valued at $384,000 after buying an additional 5,205 shares during the period. Finally, Sound View Wealth Advisors Group LLC lifted its position in shares of Sprott Physical Gold Trust by 5.7% in the first quarter. Sound View Wealth Advisors Group LLC now owns 17,647 shares of the exchange traded fund’s stock valued at $425,000 after buying an additional 947 shares during the last quarter.

Sprott Physical Gold Trust Trading Up 1.5%

Shares of NYSEARCA PHYS opened at $32.27 on Friday. Sprott Physical Gold Trust has a 12 month low of $19.89 and a 12 month high of $33.31. The stock has a 50 day moving average of $30.70 and a 200-day moving average of $27.61.

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.