3EDGE Asset Management LP Takes $9.57 Million Position in Sprott Physical Gold Trust (NYSEARCA:PHYS)

3EDGE Asset Management LP purchased a new stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 474,955 shares of the exchange traded fund’s stock, valued at approximately $9,566,000. Sprott Physical Gold Trust comprises 0.6% of 3EDGE Asset Management LP’s holdings, making the stock its 23rd biggest holding.

Other hedge funds have also recently modified their holdings of the company. Atria Wealth Solutions Inc. boosted its stake in Sprott Physical Gold Trust by 24.2% in the 4th quarter. Atria Wealth Solutions Inc. now owns 512,342 shares of the exchange traded fund’s stock worth $10,319,000 after purchasing an additional 99,936 shares in the last quarter. Truist Financial Corp raised its holdings in shares of Sprott Physical Gold Trust by 7.2% in the fourth quarter. Truist Financial Corp now owns 90,924 shares of the exchange traded fund’s stock worth $1,831,000 after buying an additional 6,122 shares during the last quarter. J.W. Cole Advisors Inc. grew its stake in Sprott Physical Gold Trust by 1.2% during the 4th quarter. J.W. Cole Advisors Inc. now owns 42,131 shares of the exchange traded fund’s stock valued at $849,000 after purchasing an additional 519 shares during the last quarter. Mountain Lake Investment Management LLC boosted its position in Sprott Physical Gold Trust by 3.0% in the fourth quarter. Mountain Lake Investment Management LLC now owns 376,000 shares of the exchange traded fund’s stock valued at $7,570,000 after buying an additional 11,000 shares during the last quarter. Finally, Allworth Financial LP raised its position in Sprott Physical Gold Trust by 78.7% during the 4th quarter. Allworth Financial LP now owns 9,124 shares of the exchange traded fund’s stock worth $194,000 after buying an additional 4,018 shares during the last quarter.

Sprott Physical Gold Trust Stock Performance

NYSEARCA PHYS opened at $22.62 on Wednesday. The company has a fifty day moving average of $21.03 and a 200 day moving average of $20.48. Sprott Physical Gold Trust has a 1 year low of $15.55 and a 1 year high of $22.71.

Sprott Physical Gold Trust 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.