World Investment Advisors Increases Stock Holdings in Sprott Physical Gold Trust $PHYS

World Investment Advisors boosted its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 18.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 245,143 shares of the exchange traded fund’s stock after buying an additional 37,455 shares during the period. World Investment Advisors’ holdings in Sprott Physical Gold Trust were worth $8,688,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Sprott Physical Gold Trust during the fourth quarter worth about $33,000. Financial Management Professionals Inc. acquired a new stake in Sprott Physical Gold Trust in the 4th quarter worth approximately $36,000. Eastern Bank acquired a new stake in Sprott Physical Gold Trust in the 4th quarter worth approximately $47,000. Strategic Advocates LLC purchased a new stake in Sprott Physical Gold Trust during the 3rd quarter worth approximately $51,000. Finally, Mcguire Capital Advisors Inc. purchased a new stake in Sprott Physical Gold Trust during the 4th quarter worth approximately $64,000.

Sprott Physical Gold Trust Stock Performance

Shares of Sprott Physical Gold Trust stock opened at $31.08 on Friday. Sprott Physical Gold Trust has a 12-month low of $25.00 and a 12-month high of $42.07. The firm’s 50 day simple moving average is $33.29 and its two-hundred day simple moving average is $35.24.

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.