Spirepoint Private Client LLC Purchases Shares of 71,825 Sprott Physical Gold Trust $PHYS

Spirepoint Private Client LLC acquired a new position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 71,825 shares of the exchange traded fund’s stock, valued at approximately $2,127,000.

A number of other hedge funds have also made changes to their positions in the business. D.A. Davidson & CO. purchased a new stake in Sprott Physical Gold Trust during the third quarter worth approximately $883,000. Accordant Advisory Group Inc raised its holdings in Sprott Physical Gold Trust by 0.8% during the third quarter. Accordant Advisory Group Inc now owns 374,518 shares of the exchange traded fund’s stock worth $11,093,000 after purchasing an additional 3,087 shares in the last quarter. Crown Wealth Group LLC lifted its position in shares of Sprott Physical Gold Trust by 12.9% during the 3rd quarter. Crown Wealth Group LLC now owns 29,758 shares of the exchange traded fund’s stock worth $881,000 after buying an additional 3,395 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of Sprott Physical Gold Trust by 6.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 1,550,102 shares of the exchange traded fund’s stock valued at $45,914,000 after buying an additional 96,478 shares in the last quarter. Finally, Pettinga Financial Advisors LLC grew its position in shares of Sprott Physical Gold Trust by 6.1% in the 3rd quarter. Pettinga Financial Advisors LLC now owns 40,197 shares of the exchange traded fund’s stock valued at $1,191,000 after buying an additional 2,325 shares during the last quarter.

Sprott Physical Gold Trust Price Performance

Shares of PHYS opened at $33.90 on Tuesday. Sprott Physical Gold Trust has a 1-year low of $20.17 and a 1-year high of $34.83. The firm has a fifty day moving average price of $32.04 and a 200 day moving average price of $29.03.

Sprott Physical Gold Trust Company 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.