Kavar Capital Partners Group LLC Purchases New Stake in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Kavar Capital Partners Group LLC purchased a new stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 51,400 shares of the exchange traded fund’s stock, valued at approximately $1,237,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Continuum Advisory LLC raised its position in shares of Sprott Physical Gold Trust by 162.9% during the 1st quarter. Continuum Advisory LLC now owns 1,472 shares of the exchange traded fund’s stock valued at $35,000 after acquiring an additional 912 shares in the last quarter. Center for Financial Planning Inc. acquired a new stake in shares of Sprott Physical Gold Trust during the 1st quarter valued at approximately $39,000. Jones Financial Companies Lllp acquired a new stake in shares of Sprott Physical Gold Trust during the 4th quarter valued at approximately $39,000. Smartleaf Asset Management LLC acquired a new stake in shares of Sprott Physical Gold Trust during the 4th quarter valued at approximately $40,000. Finally, NBC Securities Inc. increased its position in Sprott Physical Gold Trust by 111,150.0% in the first quarter. NBC Securities Inc. now owns 2,225 shares of the exchange traded fund’s stock worth $53,000 after buying an additional 2,223 shares during the period.

Sprott Physical Gold Trust Stock Down 0.0%

Shares of NYSEARCA PHYS opened at $25.49 on Thursday. Sprott Physical Gold Trust has a 1-year low of $17.84 and a 1-year high of $26.42. The business’s fifty day moving average price is $25.39 and its two-hundred day moving average price is $23.21.

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.