Raymond James & Associates Has $32.66 Million Stock Position in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Raymond James & Associates lifted its stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 73.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,602,282 shares of the exchange traded fund’s stock after buying an additional 677,623 shares during the period. Raymond James & Associates owned about 0.40% of Sprott Physical Gold Trust worth $32,655,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Banque Cantonale Vaudoise acquired a new position in Sprott Physical Gold Trust during the second quarter worth $36,000. Sunbelt Securities Inc. bought a new stake in shares of Sprott Physical Gold Trust in the 2nd quarter worth about $51,000. 1620 Investment Advisors Inc. acquired a new stake in shares of Sprott Physical Gold Trust during the 2nd quarter worth about $55,000. Evermay Wealth Management LLC lifted its holdings in Sprott Physical Gold Trust by 567.7% during the 1st quarter. Evermay Wealth Management LLC now owns 3,906 shares of the exchange traded fund’s stock valued at $68,000 after purchasing an additional 3,321 shares during the last quarter. Finally, Concourse Financial Group Securities Inc. boosted its position in Sprott Physical Gold Trust by 69.3% in the second quarter. Concourse Financial Group Securities Inc. now owns 6,278 shares of the exchange traded fund’s stock valued at $113,000 after buying an additional 2,570 shares in the last quarter.

Sprott Physical Gold Trust Stock Down 1.1 %

Shares of Sprott Physical Gold Trust stock opened at $21.11 on Thursday. Sprott Physical Gold Trust has a 1-year low of $15.09 and a 1-year high of $21.37. The firm’s 50-day moving average price is $20.11 and its two-hundred day moving average price is $18.96.

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.