Asset One Wealth Management LLC Takes $12.74 Million Position in Sprott Physical Gold Trust $PHYS

Asset One Wealth Management LLC bought a new stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 364,106 shares of the exchange traded fund’s stock, valued at approximately $12,744,000. Sprott Physical Gold Trust comprises about 1.8% of Asset One Wealth Management LLC’s holdings, making the stock its 13th biggest position.

Other hedge funds have also recently modified their holdings of the company. Enclave Advisors LLC bought a new position in shares of Sprott Physical Gold Trust during the fourth quarter valued at approximately $3,022,000. BCS Wealth Management grew its stake in Sprott Physical Gold Trust by 99.1% in the fourth quarter. BCS Wealth Management now owns 55,738 shares of the exchange traded fund’s stock worth $1,840,000 after purchasing an additional 27,744 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Sprott Physical Gold Trust by 53.9% in the third quarter. EverSource Wealth Advisors LLC now owns 39,609 shares of the exchange traded fund’s stock worth $1,173,000 after purchasing an additional 13,879 shares in the last quarter. Cyndeo Wealth Partners LLC grew its stake in Sprott Physical Gold Trust by 4.3% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 696,431 shares of the exchange traded fund’s stock worth $22,996,000 after purchasing an additional 28,702 shares in the last quarter. Finally, Spirepoint Private Client LLC grew its stake in Sprott Physical Gold Trust by 20.9% in the fourth quarter. Spirepoint Private Client LLC now owns 86,865 shares of the exchange traded fund’s stock worth $2,868,000 after purchasing an additional 15,040 shares in the last quarter.

Sprott Physical Gold Trust Price Performance

Shares of NYSEARCA:PHYS opened at $31.94 on Thursday. Sprott Physical Gold Trust has a 52-week low of $24.86 and a 52-week high of $42.07. The business’s 50 day moving average is $34.56 and its 200 day moving average is $35.38.

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.