Sprott Physical Gold Trust $PHYS Shares Purchased by Synergy Asset Management LLC

Synergy Asset Management LLC boosted its position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 199.8% during the third quarter, Holdings Channel.com reports. The firm owned 46,505 shares of the exchange traded fund’s stock after buying an additional 30,993 shares during the quarter. Synergy Asset Management LLC’s holdings in Sprott Physical Gold Trust were worth $1,377,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Ameriflex Group Inc. increased its holdings in shares of Sprott Physical Gold Trust by 66.7% during the 2nd quarter. Ameriflex Group Inc. now owns 1,000 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 400 shares during the last quarter. Manchester Capital Management LLC acquired a new position in Sprott Physical Gold Trust in the second quarter valued at approximately $25,000. Tradewinds Capital Management LLC lifted its holdings in Sprott Physical Gold Trust by 59.8% in the second quarter. Tradewinds Capital Management LLC now owns 1,088 shares of the exchange traded fund’s stock valued at $28,000 after acquiring an additional 407 shares during the last quarter. MTM Investment Management LLC purchased a new position in Sprott Physical Gold Trust in the second quarter worth approximately $30,000. Finally, Hilltop National Bank acquired a new stake in Sprott Physical Gold Trust during the second quarter worth $32,000.

Sprott Physical Gold Trust Stock Performance

NYSEARCA:PHYS opened at $33.13 on Friday. Sprott Physical Gold Trust has a 52 week low of $20.17 and a 52 week high of $34.83. The stock’s fifty day moving average is $31.96 and its two-hundred day moving average is $28.95.

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.