NewEdge Wealth LLC Grows Stake in Sprott Physical Gold Trust $PHYS

NewEdge Wealth LLC boosted its position in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 10.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 260,943 shares of the exchange traded fund’s stock after buying an additional 24,828 shares during the period. NewEdge Wealth LLC’s holdings in Sprott Physical Gold Trust were worth $8,616,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Fiduciary Alliance LLC increased its position in Sprott Physical Gold Trust by 4.4% during the fourth quarter. Fiduciary Alliance LLC now owns 7,195 shares of the exchange traded fund’s stock worth $238,000 after buying an additional 300 shares in the last quarter. Latitude Advisors LLC increased its position in Sprott Physical Gold Trust by 1.0% during the fourth quarter. Latitude Advisors LLC now owns 30,540 shares of the exchange traded fund’s stock worth $1,008,000 after buying an additional 300 shares in the last quarter. Stratos Wealth Advisors LLC increased its position in Sprott Physical Gold Trust by 2.1% during the third quarter. Stratos Wealth Advisors LLC now owns 18,866 shares of the exchange traded fund’s stock worth $559,000 after buying an additional 392 shares in the last quarter. Euro Pacific Asset Management LLC increased its position in Sprott Physical Gold Trust by 0.9% during the fourth quarter. Euro Pacific Asset Management LLC now owns 48,180 shares of the exchange traded fund’s stock worth $1,591,000 after buying an additional 408 shares in the last quarter. Finally, NovaPoint Capital LLC increased its position in Sprott Physical Gold Trust by 0.3% during the fourth quarter. NovaPoint Capital LLC now owns 147,330 shares of the exchange traded fund’s stock worth $4,865,000 after buying an additional 446 shares in the last quarter.

Sprott Physical Gold Trust Price Performance

Sprott Physical Gold Trust stock opened at $35.80 on Monday. The stock has a fifty day moving average of $36.43 and a two-hundred day moving average of $34.82. Sprott Physical Gold Trust has a fifty-two week low of $24.07 and a fifty-two week high of $42.07.

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.