Highland Investment Advisors LLC purchased a new stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 21,860 shares of the exchange traded fund’s stock, valued at approximately $660,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of PHYS. Scarborough Advisors LLC boosted its holdings in Sprott Physical Gold Trust by 2,202.0% during the 1st quarter. Scarborough Advisors LLC now owns 1,151 shares of the exchange traded fund’s stock valued at $41,000 after acquiring an additional 1,101 shares during the period. Main Street Group LTD purchased a new position in Sprott Physical Gold Trust in the 1st quarter worth approximately $54,000. Mcguire Capital Advisors Inc. bought a new stake in Sprott Physical Gold Trust in the fourth quarter valued at approximately $64,000. Legacy Wealth Managment LLC ID lifted its position in Sprott Physical Gold Trust by 49.3% in the fourth quarter. Legacy Wealth Managment LLC ID now owns 2,162 shares of the exchange traded fund’s stock valued at $71,000 after purchasing an additional 714 shares during the last quarter. Finally, Wilkerson Advisory Group LLC purchased a new stake in shares of Sprott Physical Gold Trust during the fourth quarter valued at approximately $73,000.
Sprott Physical Gold Trust Stock Performance
Shares of Sprott Physical Gold Trust stock opened at $33.60 on Friday. Sprott Physical Gold Trust has a 52-week low of $27.47 and a 52-week high of $42.07. The company’s 50 day moving average price is $32.07 and its 200-day moving average price is $34.18.
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. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.
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