Spire Wealth Management Acquires 13,618 Shares of Sprott Physical Gold Trust (NYSEARCA:PHYS)

Spire Wealth Management boosted its holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 12.1% during the first quarter, Holdings Channel.com reports. The fund owned 126,211 shares of the exchange traded fund’s stock after buying an additional 13,618 shares during the quarter. Spire Wealth Management’s holdings in Sprott Physical Gold Trust were worth $3,037,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in PHYS. Royal Bank of Canada boosted its holdings in shares of Sprott Physical Gold Trust by 0.6% in the 4th quarter. Royal Bank of Canada now owns 6,692,283 shares of the exchange traded fund’s stock worth $134,782,000 after purchasing an additional 37,144 shares in the last quarter. Captrust Financial Advisors boosted its holdings in shares of Sprott Physical Gold Trust by 7.5% in the 4th quarter. Captrust Financial Advisors now owns 2,447,510 shares of the exchange traded fund’s stock worth $49,293,000 after purchasing an additional 170,025 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Sprott Physical Gold Trust by 2.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,367,177 shares of the exchange traded fund’s stock worth $56,954,000 after purchasing an additional 66,054 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Sprott Physical Gold Trust in the 4th quarter worth about $44,631,000. Finally, Matauro LLC boosted its holdings in shares of Sprott Physical Gold Trust by 7.8% in the 1st quarter. Matauro LLC now owns 2,141,018 shares of the exchange traded fund’s stock worth $51,513,000 after purchasing an additional 154,057 shares in the last quarter.

Sprott Physical Gold Trust Trading Down 0.0%

PHYS opened at $25.49 on Thursday. The stock has a 50-day moving average price of $25.39 and a 200-day moving average price of $23.21. Sprott Physical Gold Trust has a 12-month low of $17.84 and a 12-month high of $26.42.

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.