Evanson Financial LLC Makes New Investment in Sprott Physical Gold Trust $PHYS

Evanson Financial LLC bought a new stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,598,792 shares of the exchange traded fund’s stock, valued at approximately $108,576,000. Sprott Physical Gold Trust makes up about 5.4% of Evanson Financial LLC’s holdings, making the stock its 3rd biggest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of PHYS. Fiduciary Alliance LLC boosted its position in shares of Sprott Physical Gold Trust by 4.4% in the fourth quarter. Fiduciary Alliance LLC now owns 7,195 shares of the exchange traded fund’s stock valued at $238,000 after acquiring an additional 300 shares during the period. Latitude Advisors LLC increased its holdings in Sprott Physical Gold Trust by 1.0% during the 4th quarter. Latitude Advisors LLC now owns 30,540 shares of the exchange traded fund’s stock worth $1,008,000 after acquiring an additional 300 shares during the period. Principal Securities Inc. lifted its stake in Sprott Physical Gold Trust by 2.5% in the 4th quarter. Principal Securities Inc. now owns 12,600 shares of the exchange traded fund’s stock worth $416,000 after purchasing an additional 302 shares in the last quarter. Summit Financial Strategies Inc. lifted its stake in Sprott Physical Gold Trust by 5.3% in the 1st quarter. Summit Financial Strategies Inc. now owns 6,602 shares of the exchange traded fund’s stock worth $234,000 after purchasing an additional 330 shares in the last quarter. Finally, Manchester Financial Inc. boosted its holdings in Sprott Physical Gold Trust by 5.9% in the 4th quarter. Manchester Financial Inc. now owns 7,360 shares of the exchange traded fund’s stock valued at $243,000 after purchasing an additional 410 shares during the period.

Sprott Physical Gold Trust Stock Performance

PHYS opened at $32.20 on Friday. The company has a fifty day moving average price of $31.36 and a 200-day moving average price of $34.72. Sprott Physical Gold Trust has a one year low of $25.42 and a one 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.