Raymond James & Associates Acquires 677,623 Shares of Sprott Physical Gold Trust (NYSEARCA:PHYS)

Raymond James & Associates boosted its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 73.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,602,282 shares of the exchange traded fund’s stock after acquiring an additional 677,623 shares during the quarter. Raymond James & Associates’ holdings in Sprott Physical Gold Trust were worth $32,655,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise bought a new stake in shares of Sprott Physical Gold Trust during the second quarter worth approximately $36,000. Sunbelt Securities Inc. bought a new position in Sprott Physical Gold Trust in the second quarter valued at approximately $51,000. 1620 Investment Advisors Inc. acquired a new stake in Sprott Physical Gold Trust during the 2nd quarter worth $55,000. Evermay Wealth Management LLC raised its position in shares of Sprott Physical Gold Trust by 567.7% during the 1st quarter. Evermay Wealth Management LLC now owns 3,906 shares of the exchange traded fund’s stock valued at $68,000 after acquiring an additional 3,321 shares during the last quarter. Finally, Concourse Financial Group Securities Inc. lifted its stake in shares of Sprott Physical Gold Trust by 69.3% in the 2nd quarter. Concourse Financial Group Securities Inc. now owns 6,278 shares of the exchange traded fund’s stock valued at $113,000 after purchasing an additional 2,570 shares during the period.

Sprott Physical Gold Trust Stock Performance

NYSEARCA:PHYS opened at $21.11 on Thursday. Sprott Physical Gold Trust has a 12-month low of $15.09 and a 12-month high of $21.37. The stock’s fifty 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.