Jones Financial Companies Lllp bought a new stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,925 shares of the exchange traded fund’s stock, valued at approximately $39,000.
Several other hedge funds have also modified their holdings of the stock. Legacy Investment Solutions LLC purchased a new stake in Sprott Physical Gold Trust in the 3rd quarter worth about $28,000. Smartleaf Asset Management LLC acquired a new position in Sprott Physical Gold Trust in the 4th quarter worth about $40,000. First Horizon Advisors Inc. acquired a new position in Sprott Physical Gold Trust in the 3rd quarter worth about $54,000. Salomon & Ludwin LLC acquired a new position in Sprott Physical Gold Trust in the 4th quarter worth about $65,000. Finally, AdvisorNet Financial Inc increased its position in Sprott Physical Gold Trust by 7,000.0% in the 4th quarter. AdvisorNet Financial Inc now owns 3,550 shares of the exchange traded fund’s stock worth $71,000 after purchasing an additional 3,500 shares during the last quarter.
Sprott Physical Gold Trust Stock Up 1.0 %
Shares of PHYS stock opened at $23.49 on Wednesday. Sprott Physical Gold Trust has a fifty-two week low of $16.66 and a fifty-two week high of $23.52. The stock’s 50-day moving average is $22.01 and its two-hundred day moving average is $20.97.
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.
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