AlphaCore Capital LLC Boosts Stock Holdings in Sprott Physical Gold Trust $PHYS

AlphaCore Capital LLC boosted its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 110.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 127,737 shares of the exchange traded fund’s stock after purchasing an additional 66,900 shares during the period. AlphaCore Capital LLC’s holdings in Sprott Physical Gold Trust were worth $4,218,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. CENTRAL TRUST Co raised its stake in Sprott Physical Gold Trust by 9.1% during the third quarter. CENTRAL TRUST Co now owns 4,649,181 shares of the exchange traded fund’s stock worth $137,709,000 after purchasing an additional 388,033 shares during the period. Pekin Hardy Strauss Inc. raised its stake in Sprott Physical Gold Trust by 1.3% during the fourth quarter. Pekin Hardy Strauss Inc. now owns 4,318,119 shares of the exchange traded fund’s stock worth $142,584,000 after purchasing an additional 56,549 shares during the period. Jupiter Asset Management Ltd. raised its stake in Sprott Physical Gold Trust by 39.8% during the third quarter. Jupiter Asset Management Ltd. now owns 3,145,855 shares of the exchange traded fund’s stock worth $92,913,000 after purchasing an additional 896,347 shares during the period. Captrust Financial Advisors raised its stake in Sprott Physical Gold Trust by 0.3% during the third quarter. Captrust Financial Advisors now owns 2,460,899 shares of the exchange traded fund’s stock worth $72,892,000 after purchasing an additional 7,559 shares during the period. Finally, Sprott Inc. raised its stake in Sprott Physical Gold Trust by 16.6% during the third quarter. Sprott Inc. now owns 2,265,812 shares of the exchange traded fund’s stock worth $67,115,000 after purchasing an additional 323,383 shares during the period.

Sprott Physical Gold Trust Stock Down 2.4%

NYSEARCA:PHYS opened at $34.42 on Friday. Sprott Physical Gold Trust has a fifty-two week low of $24.12 and a fifty-two week high of $42.07. The firm’s 50 day moving average is $35.93 and its two-hundred day moving average is $34.96.

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.