OneAscent Financial Services LLC Makes New $244,000 Investment in Sprott Physical Gold Trust (NYSEARCA:PHYS)

OneAscent Financial Services LLC purchased a new stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) in the fourth quarter, Holdings Channel.com reports. The firm purchased 12,125 shares of the exchange traded fund’s stock, valued at approximately $244,000.

Several other institutional investors have also recently made changes to their positions in PHYS. Cerity Partners LLC increased its position in shares of Sprott Physical Gold Trust by 4.7% in the third quarter. Cerity Partners LLC now owns 43,654 shares of the exchange traded fund’s stock worth $890,000 after purchasing an additional 1,950 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of Sprott Physical Gold Trust by 15.6% in the 3rd quarter. HighTower Advisors LLC now owns 883,454 shares of the exchange traded fund’s stock worth $18,000,000 after buying an additional 119,167 shares during the last quarter. IHT Wealth Management LLC raised its position in shares of Sprott Physical Gold Trust by 4.1% during the 3rd quarter. IHT Wealth Management LLC now owns 77,016 shares of the exchange traded fund’s stock valued at $1,572,000 after buying an additional 3,038 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of Sprott Physical Gold Trust by 1.2% during the 3rd quarter. Stifel Financial Corp now owns 481,179 shares of the exchange traded fund’s stock worth $9,806,000 after acquiring an additional 5,764 shares during the last quarter. Finally, Wexford Capital LP bought a new stake in shares of Sprott Physical Gold Trust during the 3rd quarter worth $204,000.

Sprott Physical Gold Trust Stock Performance

NYSEARCA PHYS opened at $23.40 on Friday. The stock’s 50-day simple moving average is $22.74 and its two-hundred day simple moving average is $21.32. Sprott Physical Gold Trust has a twelve month low of $17.64 and a twelve month high of $24.28.

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.