Envestnet Asset Management Inc. Purchases 361,514 Shares of Sprott Physical Gold Trust (NYSEARCA:PHYS)

Envestnet Asset Management Inc. raised its position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 28.8% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,615,548 shares of the exchange traded fund’s stock after purchasing an additional 361,514 shares during the quarter. Envestnet Asset Management Inc. owned 0.41% of Sprott Physical Gold Trust worth $29,177,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cambridge Investment Research Advisors Inc. grew its stake in shares of Sprott Physical Gold Trust by 29.6% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 2,271,370 shares of the exchange traded fund’s stock worth $41,021,000 after acquiring an additional 518,649 shares during the period. Bluefin Capital Management LLC grew its stake in shares of Sprott Physical Gold Trust by 478.6% in the first quarter. Bluefin Capital Management LLC now owns 2,023,920 shares of the exchange traded fund’s stock worth $35,014,000 after acquiring an additional 1,674,108 shares during the period. Captrust Financial Advisors grew its position in Sprott Physical Gold Trust by 4.1% during the first quarter. Captrust Financial Advisors now owns 1,823,029 shares of the exchange traded fund’s stock valued at $31,538,000 after buying an additional 71,602 shares during the period. Commonwealth Equity Services LLC grew its position in Sprott Physical Gold Trust by 16.1% during the second quarter. Commonwealth Equity Services LLC now owns 1,777,810 shares of the exchange traded fund’s stock valued at $32,107,000 after buying an additional 247,138 shares during the period. Finally, Cetera Investment Advisers grew its position in Sprott Physical Gold Trust by 791.8% during the first quarter. Cetera Investment Advisers now owns 1,091,188 shares of the exchange traded fund’s stock valued at $18,878,000 after buying an additional 968,835 shares during the period.

Sprott Physical Gold Trust Stock Performance

Shares of NYSEARCA PHYS opened at $20.33 on Friday. The firm has a 50 day moving average of $19.23 and a 200 day moving average of $18.38. Sprott Physical Gold Trust has a 12-month low of $14.00 and a 12-month high of $20.35.

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.