Creative Financial Designs Inc. ADV Purchases New Shares in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Creative Financial Designs Inc. ADV purchased a new stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,500 shares of the exchange traded fund’s stock, valued at approximately $50,000.

Several other institutional investors and hedge funds have also modified their holdings of PHYS. Natixis Advisors LLC acquired a new position in shares of Sprott Physical Gold Trust in the third quarter valued at about $219,000. PNC Financial Services Group Inc. grew its stake in Sprott Physical Gold Trust by 28.9% during the third quarter. PNC Financial Services Group Inc. now owns 108,339 shares of the exchange traded fund’s stock worth $2,208,000 after buying an additional 24,283 shares in the last quarter. Commerce Bank grew its stake in Sprott Physical Gold Trust by 53.3% during the third quarter. Commerce Bank now owns 38,780 shares of the exchange traded fund’s stock worth $790,000 after buying an additional 13,478 shares in the last quarter. First Horizon Advisors Inc. acquired a new stake in Sprott Physical Gold Trust during the third quarter worth about $54,000. Finally, Nwam LLC acquired a new stake in Sprott Physical Gold Trust during the third quarter worth about $1,260,000.

Sprott Physical Gold Trust Trading Down 0.8 %

Shares of Sprott Physical Gold Trust stock opened at $23.36 on Friday. Sprott Physical Gold Trust has a 12-month low of $16.74 and a 12-month high of $23.61. The firm’s 50-day moving average price is $22.19 and its two-hundred day moving average price is $21.03.

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.