Private Client Services LLC Purchases 17,888 Shares of Sprott Physical Gold Trust (NYSEARCA:PHYS)

Private Client Services LLC boosted its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 38.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 64,575 shares of the exchange traded fund’s stock after purchasing an additional 17,888 shares during the quarter. Private Client Services LLC’s holdings in Sprott Physical Gold Trust were worth $1,301,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Sprott Physical Gold Trust in the second quarter worth about $164,000. Seaview Investment Managers LLC raised its holdings in shares of Sprott Physical Gold Trust by 3.6% during the 2nd quarter. Seaview Investment Managers LLC now owns 101,117 shares of the exchange traded fund’s stock worth $1,826,000 after acquiring an additional 3,500 shares in the last quarter. Perritt Capital Management Inc boosted its position in shares of Sprott Physical Gold Trust by 1.1% during the 2nd quarter. Perritt Capital Management Inc now owns 352,572 shares of the exchange traded fund’s stock valued at $6,367,000 after acquiring an additional 3,815 shares during the last quarter. Thoroughbred Financial Services LLC grew its holdings in shares of Sprott Physical Gold Trust by 24.1% in the second quarter. Thoroughbred Financial Services LLC now owns 12,595 shares of the exchange traded fund’s stock valued at $227,000 after purchasing an additional 2,445 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in Sprott Physical Gold Trust by 28.8% in the second quarter. Envestnet Asset Management Inc. now owns 1,615,548 shares of the exchange traded fund’s stock worth $29,177,000 after purchasing an additional 361,514 shares during the last quarter.

Sprott Physical Gold Trust Price Performance

Sprott Physical Gold Trust stock traded up $0.08 during mid-day trading on Wednesday, reaching $20.46. 1,814,290 shares of the company’s stock traded hands, compared to its average volume of 2,191,221. Sprott Physical Gold Trust has a 12-month low of $15.31 and a 12-month high of $21.70. The stock has a 50 day moving average of $20.39 and a two-hundred day moving average of $19.83.

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.