Stratos Wealth Partners LTD. lifted its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS – Free Report) by 597.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 81,020 shares of the exchange traded fund’s stock after acquiring an additional 69,400 shares during the period. Stratos Wealth Partners LTD.’s holdings in Sprott Physical Gold Trust were worth $1,253,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Goodman Advisory Group LLC bought a new stake in Sprott Physical Gold Trust during the 4th quarter valued at $43,000. Robinson Value Management Ltd. grew its stake in shares of Sprott Physical Gold Trust by 300.0% in the 4th quarter. Robinson Value Management Ltd. now owns 4,000 shares of the exchange traded fund’s stock worth $56,000 after acquiring an additional 3,000 shares in the last quarter. AXS Investments LLC bought a new stake in shares of Sprott Physical Gold Trust in the 4th quarter worth $58,000. Credit Suisse AG bought a new stake in shares of Sprott Physical Gold Trust in the 2nd quarter worth $66,000. Finally, Allworth Financial LP bought a new stake in shares of Sprott Physical Gold Trust in the 4th quarter worth $70,000.
Sprott Physical Gold Trust Trading Down 0.3 %
NYSEARCA PHYS opened at $15.21 on Monday. The company has a fifty day moving average price of $15.24 and a 200-day moving average price of $15.03. Sprott Physical Gold Trust has a 1 year low of $12.48 and a 1 year high of $16.10.
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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