Savant Capital LLC Acquires New Position in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Savant Capital LLC purchased a new position in Sprott Physical Gold Trust (NYSEARCA:PHYS) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 12,531 shares of the exchange traded fund’s stock, valued at approximately $252,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vontobel Holding Ltd. acquired a new stake in Sprott Physical Gold Trust during the third quarter worth approximately $204,000. Raymond James & Associates grew its stake in shares of Sprott Physical Gold Trust by 73.3% in the third quarter. Raymond James & Associates now owns 1,602,282 shares of the exchange traded fund’s stock valued at $32,655,000 after buying an additional 677,623 shares in the last quarter. Foundations Investment Advisors LLC lifted its position in shares of Sprott Physical Gold Trust by 4.8% during the third quarter. Foundations Investment Advisors LLC now owns 20,082 shares of the exchange traded fund’s stock worth $409,000 after purchasing an additional 917 shares in the last quarter. Eastern Bank purchased a new position in shares of Sprott Physical Gold Trust in the third quarter valued at $145,000. Finally, WT Wealth Management increased its stake in Sprott Physical Gold Trust by 60.8% during the 3rd quarter. WT Wealth Management now owns 16,725 shares of the exchange traded fund’s stock worth $353,000 after buying an additional 6,325 shares during the period.

Sprott Physical Gold Trust Price Performance

Shares of PHYS opened at $22.62 on Wednesday. Sprott Physical Gold Trust has a one year low of $15.55 and a one year high of $22.71. The stock has a 50-day moving average price of $21.03 and a 200 day moving average price of $20.48.

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.