Silver Oak Securities Incorporated Purchases 7,905 Shares of Sprott Physical Gold Trust (NYSEARCA:PHYS)

Silver Oak Securities Incorporated increased its position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 19.6% in the 4th quarter, HoldingsChannel reports. The fund owned 48,211 shares of the exchange traded fund’s stock after acquiring an additional 7,905 shares during the period. Silver Oak Securities Incorporated’s holdings in Sprott Physical Gold Trust were worth $966,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new position in shares of Sprott Physical Gold Trust during the third quarter worth $28,000. St. Johns Investment Management Company LLC purchased a new position in Sprott Physical Gold Trust during the 3rd quarter worth $51,000. Missouri Trust & Investment Co increased its position in 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 buying an additional 1,609 shares in the last quarter. First Horizon Advisors Inc. purchased a new stake in Sprott Physical Gold Trust in the third quarter valued at about $54,000. Finally, AdvisorNet Financial Inc boosted its holdings in 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 acquiring an additional 3,500 shares in the last quarter.

Sprott Physical Gold Trust Stock Performance

Shares of PHYS stock opened at $22.14 on Friday. Sprott Physical Gold Trust has a fifty-two week low of $15.31 and a fifty-two week high of $22.32. The stock’s 50-day simple moving average is $20.70 and its 200-day simple moving average is $20.24.

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.