Cauble & Harre Wealth Management Inc. Makes New Investment in Sprott Physical Gold Trust $PHYS

Cauble & Harre Wealth Management Inc. bought a new stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) in the 4th quarter, HoldingsChannel reports. The firm bought 156,673 shares of the exchange traded fund’s stock, valued at approximately $5,173,000. Sprott Physical Gold Trust accounts for about 4.3% of Cauble & Harre Wealth Management Inc.’s holdings, making the stock its 7th largest position.

Several other hedge funds have also modified their holdings of PHYS. Fiduciary Alliance LLC lifted its stake 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 valued at $238,000 after buying an additional 300 shares in the last quarter. Latitude Advisors LLC boosted its stake in shares of Sprott Physical Gold Trust by 1.0% during the 4th quarter. Latitude Advisors LLC now owns 30,540 shares of the exchange traded fund’s stock valued at $1,008,000 after buying an additional 300 shares during the period. Stratos Wealth Advisors LLC boosted 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 valued at $559,000 after purchasing an additional 392 shares during the last quarter. Euro Pacific Asset Management LLC lifted its holdings in shares of Sprott Physical Gold Trust by 0.9% during the 4th quarter. Euro Pacific Asset Management LLC now owns 48,180 shares of the exchange traded fund’s stock valued at $1,591,000 after buying an additional 408 shares during the last quarter. Finally, NovaPoint Capital LLC lifted its stake in Sprott Physical Gold Trust by 0.3% in the fourth quarter. NovaPoint Capital LLC now owns 147,330 shares of the exchange traded fund’s stock valued at $4,865,000 after acquiring an additional 446 shares during the last quarter.

Sprott Physical Gold Trust Price Performance

Sprott Physical Gold Trust stock opened at $34.42 on Friday. The company’s fifty day moving average price is $35.93 and its two-hundred day moving average price is $34.96. Sprott Physical Gold Trust has a one year low of $24.12 and a one year high of $42.07.

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.