Park Avenue Securities LLC Acquires 38,490 Shares of Sprott Physical Gold Trust $PHYS

Park Avenue Securities LLC acquired a new stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 38,490 shares of the exchange traded fund’s stock, valued at approximately $1,204,000.

Other hedge funds also recently added to or reduced their stakes in the company. Apollon Wealth Management LLC increased its stake in Sprott Physical Gold Trust by 3.9% in the 3rd quarter. Apollon Wealth Management LLC now owns 70,909 shares of the exchange traded fund’s stock worth $2,217,000 after buying an additional 2,644 shares during the period. Straight Path Wealth Management increased its holdings in Sprott Physical Gold Trust by 4.8% during the 3rd quarter. Straight Path Wealth Management now owns 22,050 shares of the exchange traded fund’s stock worth $690,000 after purchasing an additional 1,000 shares during the period. Trueblood Wealth Management LLC purchased a new position in Sprott Physical Gold Trust during the 3rd quarter worth $219,000. Signaturefd LLC bought a new position in shares of Sprott Physical Gold Trust during the 3rd quarter worth $469,000. Finally, Evergreen Capital Management LLC purchased a new position in shares of Sprott Physical Gold Trust during the third quarter valued at $4,305,000.

Sprott Physical Gold Trust Stock Performance

NYSEARCA:PHYS opened at $29.87 on Tuesday. The firm has a 50-day simple moving average of $32.09 and a 200-day simple moving average of $34.02. Sprott Physical Gold Trust has a one year low of $29.27 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.