Sandy Cove Advisors LLC grew its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS – Free Report) by 27.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,567 shares of the exchange traded fund’s stock after purchasing an additional 6,667 shares during the period. Sandy Cove Advisors LLC’s holdings in Sprott Physical Gold Trust were worth $529,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also made changes to their positions in PHYS. Clarity Financial LLC purchased a new stake in shares of Sprott Physical Gold Trust in the first quarter valued at $353,000. Howard Financial Services LTD. purchased a new stake in Sprott Physical Gold Trust in the 1st quarter worth about $175,000. St. Johns Investment Management Company LLC acquired a new stake in Sprott Physical Gold Trust during the 1st quarter worth about $104,000. Finally, Brookstone Capital Management grew its stake in Sprott Physical Gold Trust by 2.7% during the 1st quarter. Brookstone Capital Management now owns 126,629 shares of the exchange traded fund’s stock valued at $2,191,000 after acquiring an additional 3,298 shares in the last quarter.
Sprott Physical Gold Trust Price Performance
Shares of NYSEARCA:PHYS traded down $0.02 during midday trading on Friday, hitting $18.06. 754,230 shares of the stock were exchanged, compared to its average volume of 1,998,803. The business’s fifty day simple moving average is $18.14 and its two-hundred day simple moving average is $16.98. Sprott Physical Gold Trust has a 52-week low of $14.00 and a 52-week high of $18.93.
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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