Everest Financial Group LLC Acquires 51,711 Shares of Sprott Physical Gold Trust $PHYS

Everest Financial Group LLC acquired a new stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) during the 3rd quarter, Holdings Channel reports. The fund acquired 51,711 shares of the exchange traded fund’s stock, valued at approximately $1,617,000.

A number of other large investors also recently modified their holdings of the company. Tidal Investments LLC grew its position in shares of Sprott Physical Gold Trust by 70.5% during the second quarter. Tidal Investments LLC now owns 774,770 shares of the exchange traded fund’s stock worth $23,375,000 after purchasing an additional 320,296 shares in the last quarter. Citadel Advisors LLC purchased a new position in Sprott Physical Gold Trust in the 2nd quarter worth approximately $592,000. Founders Financial Securities LLC purchased a new position in Sprott Physical Gold Trust in the 3rd quarter worth approximately $538,000. Compass Financial Management LLC bought a new position in Sprott Physical Gold Trust in the 2nd quarter worth approximately $1,161,000. Finally, Highland Investment Advisors LLC bought a new position in Sprott Physical Gold Trust in the 2nd quarter worth approximately $660,000.

Sprott Physical Gold Trust Stock Down 2.7%

Shares of PHYS opened at $29.29 on Friday. Sprott Physical Gold Trust has a 1 year low of $29.11 and a 1 year high of $42.07. The company has a 50 day simple moving average of $31.47 and a two-hundred day simple moving average of $33.77.

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.