Focus Financial Network Inc. Has $529,000 Holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Focus Financial Network Inc. lifted its position in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 42.8% in the second quarter, HoldingsChannel.com reports. The firm owned 27,811 shares of the exchange traded fund’s stock after acquiring an additional 8,332 shares during the period. Focus Financial Network Inc.’s holdings in Sprott Physical Gold Trust were worth $529,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Evermay Wealth Management LLC boosted its position in shares of Sprott Physical Gold Trust by 567.7% during the 1st quarter. Evermay Wealth Management LLC now owns 3,906 shares of the exchange traded fund’s stock valued at $68,000 after acquiring an additional 3,321 shares in the last quarter. St. Johns Investment Management Company LLC bought a new stake in shares of Sprott Physical Gold Trust in the 1st quarter valued at approximately $104,000. Howard Financial Services LTD. bought a new stake in shares of Sprott Physical Gold Trust in the 1st quarter valued at approximately $175,000. Advocate Group LLC acquired a new position in shares of Sprott Physical Gold Trust in the 2nd quarter worth approximately $197,000. Finally, Headlands Technologies LLC bought a new position in shares of Sprott Physical Gold Trust during the 1st quarter worth approximately $281,000.

Sprott Physical Gold Trust Stock Performance

NYSEARCA:PHYS traded down $0.05 during trading hours on Wednesday, reaching $19.47. The company had a trading volume of 1,803,451 shares, compared to its average volume of 2,052,638. The stock has a 50-day moving average of $18.56 and a two-hundred day moving average of $17.76. Sprott Physical Gold Trust has a one year low of $14.00 and a one year high of $19.63.

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.