Sprott Physical Gold Trust $PHYS Shares Bought by Surience Private Wealth LLC

Surience Private Wealth LLC lifted its position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 247.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 35,749 shares of the exchange traded fund’s stock after acquiring an additional 25,454 shares during the period. Sprott Physical Gold Trust makes up approximately 1.4% of Surience Private Wealth LLC’s investment portfolio, making the stock its 23rd largest position. Surience Private Wealth LLC’s holdings in Sprott Physical Gold Trust were worth $1,267,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Kohmann Bosshard Financial Services LLC acquired a new stake in Sprott Physical Gold Trust in the 4th quarter valued at about $33,000. Financial Management Professionals Inc. acquired a new position in Sprott Physical Gold Trust during the fourth quarter worth about $36,000. Eastern Bank purchased a new stake in shares of Sprott Physical Gold Trust in the fourth quarter valued at about $47,000. Strategic Advocates LLC purchased a new stake in shares of Sprott Physical Gold Trust in the third quarter valued at about $51,000. Finally, Mcguire Capital Advisors Inc. acquired a new stake in shares of Sprott Physical Gold Trust in the fourth quarter valued at approximately $64,000.

Sprott Physical Gold Trust Price Performance

Shares of PHYS opened at $29.98 on Thursday. The firm has a 50 day simple moving average of $34.09 and a 200-day simple moving average of $35.35. Sprott Physical Gold Trust has a 1-year low of $24.86 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.