World Investment Advisors Purchases 51,243 Shares of Sprott Physical Gold Trust $PHYS

World Investment Advisors raised its position in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 36.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 192,058 shares of the exchange traded fund’s stock after buying an additional 51,243 shares during the quarter. World Investment Advisors’ holdings in Sprott Physical Gold Trust were worth $5,689,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in PHYS. Avantax Advisory Services Inc. lifted its stake in Sprott Physical Gold Trust by 32.3% during the second quarter. Avantax Advisory Services Inc. now owns 545,100 shares of the exchange traded fund’s stock worth $13,818,000 after purchasing an additional 132,995 shares during the last quarter. HB Wealth Management LLC acquired a new position in shares of Sprott Physical Gold Trust during the 2nd quarter worth $211,000. Beacon Pointe Advisors LLC lifted its position in shares of Sprott Physical Gold Trust by 7.8% during the 2nd quarter. Beacon Pointe Advisors LLC now owns 597,781 shares of the exchange traded fund’s stock worth $15,154,000 after buying an additional 43,296 shares during the last quarter. Allworth Financial LP boosted its stake in Sprott Physical Gold Trust by 45.8% in the second quarter. Allworth Financial LP now owns 22,359 shares of the exchange traded fund’s stock valued at $567,000 after buying an additional 7,026 shares in the last quarter. Finally, Asset Allocation Strategies LLC acquired a new stake in Sprott Physical Gold Trust in the third quarter valued at about $529,000.

Sprott Physical Gold Trust Price Performance

Shares of NYSEARCA PHYS opened at $34.28 on Friday. Sprott Physical Gold Trust has a 12 month low of $19.96 and a 12 month high of $34.47. The stock has a 50-day moving average price of $31.75 and a two-hundred day moving average price of $28.61.

Sprott Physical Gold Trust 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. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.