Tidal Investments LLC Grows Holdings in Sprott Physical Gold Trust $PHYS

Tidal Investments LLC increased its holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 70.5% in the second quarter, HoldingsChannel.com reports. The firm owned 774,770 shares of the exchange traded fund’s stock after buying an additional 320,296 shares during the quarter. Tidal Investments LLC’s holdings in Sprott Physical Gold Trust were worth $23,375,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in PHYS. AQR Capital Management LLC acquired a new position in Sprott Physical Gold Trust during the first quarter worth about $260,000. Focus Partners Wealth acquired a new stake in Sprott Physical Gold Trust in the 1st quarter valued at about $200,000. Cerity Partners LLC lifted its stake in Sprott Physical Gold Trust by 14.0% in the 2nd quarter. Cerity Partners LLC now owns 77,964 shares of the exchange traded fund’s stock worth $1,976,000 after purchasing an additional 9,585 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Sprott Physical Gold Trust by 43.6% in the 2nd quarter. NewEdge Advisors LLC now owns 91,329 shares of the exchange traded fund’s stock worth $2,315,000 after purchasing an additional 27,724 shares in the last quarter. Finally, Darwin Wealth Management LLC acquired a new position in shares of Sprott Physical Gold Trust during the 2nd quarter worth approximately $489,000.

Sprott Physical Gold Trust Price Performance

NYSEARCA PHYS opened at $32.67 on Friday. The stock’s fifty day moving average is $32.28 and its two-hundred day moving average is $34.03. Sprott Physical Gold Trust has a fifty-two week low of $27.85 and a fifty-two week high of $42.07.

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.