Independent Advisor Alliance acquired a new stake in Sprott Physical Gold Trust (NYSEARCA:PHYS – Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 18,630 shares of the exchange traded fund’s stock, valued at approximately $552,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Manchester Capital Management LLC acquired a new stake in Sprott Physical Gold Trust in the second quarter valued at $25,000. Tradewinds Capital Management LLC raised its position in shares of Sprott Physical Gold Trust by 59.8% during the 2nd quarter. Tradewinds Capital Management LLC now owns 1,088 shares of the exchange traded fund’s stock worth $28,000 after acquiring an additional 407 shares in the last quarter. MTM Investment Management LLC purchased a new stake in Sprott Physical Gold Trust during the second quarter worth approximately $30,000. Legacy Investment Solutions LLC purchased a new stake in Sprott Physical Gold Trust during the second quarter worth approximately $36,000. Finally, Intelligent Financial Strategies acquired a new position in Sprott Physical Gold Trust in the second quarter valued at approximately $38,000.
Sprott Physical Gold Trust Trading Up 0.1%
Shares of Sprott Physical Gold Trust stock opened at $37.14 on Thursday. Sprott Physical Gold Trust has a 52 week low of $21.96 and a 52 week high of $42.07. The firm’s 50 day moving average is $34.51 and its two-hundred day moving average is $30.68.
About Sprott Physical Gold Trust
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.
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