Capital Wealth Alliance LLC lifted its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS – Free Report) by 6.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 959,393 shares of the exchange traded fund’s stock after buying an additional 54,635 shares during the period. Sprott Physical Gold Trust makes up 10.9% of Capital Wealth Alliance LLC’s portfolio, making the stock its 2nd biggest position. Capital Wealth Alliance LLC’s holdings in Sprott Physical Gold Trust were worth $19,320,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of PHYS. Legacy Investment Solutions LLC purchased a new stake in Sprott Physical Gold Trust during the third quarter valued at approximately $28,000. St. Johns Investment Management Company LLC purchased a new stake in Sprott Physical Gold Trust in the third quarter worth about $51,000. Missouri Trust & Investment Co grew its stake in shares of Sprott Physical Gold Trust by 160.9% during the 3rd quarter. Missouri Trust & Investment Co now owns 2,609 shares of the exchange traded fund’s stock valued at $53,000 after acquiring an additional 1,609 shares during the period. First Horizon Advisors Inc. purchased a new position in Sprott Physical Gold Trust during the third quarter valued at approximately $54,000. Finally, AdvisorNet Financial Inc increased its stake in shares of Sprott Physical Gold Trust by 7,000.0% in the fourth 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 in the last quarter.
Sprott Physical Gold Trust Price Performance
NYSEARCA:PHYS opened at $22.45 on Tuesday. The business’s 50-day simple moving average is $20.78 and its two-hundred day simple moving average is $20.32. Sprott Physical Gold Trust has a 52 week low of $15.31 and a 52 week high of $22.48.
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.
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