Sprott Physical Gold Trust $PHYS Stock Bought by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC raised its holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 13.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 659,619 shares of the exchange traded fund’s stock after buying an additional 76,565 shares during the quarter. Sprott Physical Gold Trust accounts for about 0.9% of Cyndeo Wealth Partners LLC’s investment portfolio, making the stock its 25th largest holding. Cyndeo Wealth Partners LLC’s holdings in Sprott Physical Gold Trust were worth $20,626,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Money Concepts Capital Corp boosted its holdings 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 during the last quarter. Citadel Advisors LLC purchased a new stake in Sprott Physical Gold Trust in the second quarter worth about $592,000. Highland Investment Advisors LLC bought a new stake in Sprott Physical Gold Trust during the 2nd quarter worth approximately $660,000. Tidal Investments LLC lifted its stake in shares of Sprott Physical Gold Trust by 70.5% during the 2nd quarter. Tidal Investments LLC now owns 774,770 shares of the exchange traded fund’s stock valued at $23,375,000 after buying an additional 320,296 shares in the last quarter. Finally, Compass Financial Management LLC purchased a new stake in shares of Sprott Physical Gold Trust during the second quarter worth about $1,161,000.

Sprott Physical Gold Trust Stock Performance

NYSEARCA PHYS traded down $0.02 on Friday, reaching $31.50. The company had a trading volume of 2,378,304 shares, compared to its average volume of 5,249,710. The firm’s 50 day moving average price is $32.78 and its 200 day moving average price is $33.02. Sprott Physical Gold Trust has a 12 month low of $29.30 and a 12 month 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.