Commonwealth Equity Services LLC Has $21.41 Million Stake in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Commonwealth Equity Services LLC increased its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 3.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,434,657 shares of the exchange traded fund’s stock after acquiring an additional 43,068 shares during the period. Commonwealth Equity Services LLC owned about 0.36% of Sprott Physical Gold Trust worth $21,405,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Duncker Streett & Co. Inc. bought a new stake in Sprott Physical Gold Trust during the 2nd quarter worth about $29,000. Credit Suisse AG bought a new stake in Sprott Physical Gold Trust during the 2nd quarter worth about $66,000. Cambridge Trust Co. bought a new stake in Sprott Physical Gold Trust during the 1st quarter worth about $110,000. Pacific Center for Financial Services bought a new stake in Sprott Physical Gold Trust during the 1st quarter worth about $135,000. Finally, Harbour Investments Inc. lifted its position in Sprott Physical Gold Trust by 2,786.0% during the 4th quarter. Harbour Investments Inc. now owns 10,101 shares of the exchange traded fund’s stock worth $142,000 after buying an additional 9,751 shares in the last quarter.

Sprott Physical Gold Trust Price Performance

Shares of NYSEARCA:PHYS opened at $15.49 on Tuesday. The company’s 50-day moving average price is $15.00 and its two-hundred day moving average price is $15.11. Sprott Physical Gold Trust has a one year low of $13.29 and a one year high of $16.10.

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.