Private Advisor Group LLC Buys 34,301 Shares of Sprott Physical Gold Trust (NYSEARCA:PHYS)

Private Advisor Group LLC boosted its stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 3.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,090,877 shares of the exchange traded fund’s stock after purchasing an additional 34,301 shares during the period. Private Advisor Group LLC’s holdings in Sprott Physical Gold Trust were worth $22,232,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Accordant Advisory Group Inc increased its holdings in shares of Sprott Physical Gold Trust by 2.9% during the third quarter. Accordant Advisory Group Inc now owns 251,381 shares of the exchange traded fund’s stock worth $5,123,000 after buying an additional 7,191 shares in the last quarter. WT Wealth Management increased its holdings in Sprott Physical Gold Trust by 60.8% in the 3rd quarter. WT Wealth Management now owns 16,725 shares of the exchange traded fund’s stock worth $353,000 after purchasing an additional 6,325 shares in the last quarter. Eastern Bank acquired a new stake in shares of Sprott Physical Gold Trust during the third quarter valued at about $145,000. Foundations Investment Advisors LLC grew its holdings in shares of Sprott Physical Gold Trust by 4.8% during the third quarter. Foundations Investment Advisors LLC now owns 20,082 shares of the exchange traded fund’s stock worth $409,000 after purchasing an additional 917 shares during the last quarter. Finally, Cyndeo Wealth Partners LLC increased its stake in shares of Sprott Physical Gold Trust by 0.4% in the third quarter. Cyndeo Wealth Partners LLC now owns 655,460 shares of the exchange traded fund’s stock valued at $13,358,000 after buying an additional 2,857 shares during the period.

Sprott Physical Gold Trust Trading Down 1.1 %

NYSEARCA:PHYS opened at $21.11 on Thursday. Sprott Physical Gold Trust has a one year low of $15.09 and a one year high of $21.37. The firm’s 50 day simple moving average is $20.11 and its 200 day simple moving average is $18.96.

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.