Ameritas Advisory Services LLC Raises Stock Position in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Ameritas Advisory Services LLC grew its holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 27.7% in the 4th quarter, HoldingsChannel reports. The firm owned 316,762 shares of the exchange traded fund’s stock after purchasing an additional 68,625 shares during the quarter. Ameritas Advisory Services LLC’s holdings in Sprott Physical Gold Trust were worth $6,380,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its stake in shares of Sprott Physical Gold Trust by 28.8% in the second quarter. Envestnet Asset Management Inc. now owns 1,615,548 shares of the exchange traded fund’s stock worth $29,177,000 after acquiring an additional 361,514 shares in the last quarter. Blair William & Co. IL boosted its holdings in Sprott Physical Gold Trust by 1.1% in the second quarter. Blair William & Co. IL now owns 265,271 shares of the exchange traded fund’s stock valued at $4,791,000 after purchasing an additional 2,800 shares during the period. AE Wealth Management LLC boosted its holdings in Sprott Physical Gold Trust by 5.9% in the second quarter. AE Wealth Management LLC now owns 61,370 shares of the exchange traded fund’s stock valued at $1,108,000 after purchasing an additional 3,426 shares during the period. Bank of Montreal Can grew its stake in Sprott Physical Gold Trust by 9.6% during the 2nd quarter. Bank of Montreal Can now owns 749,512 shares of the exchange traded fund’s stock worth $13,746,000 after purchasing an additional 65,546 shares in the last quarter. Finally, Insigneo Advisory Services LLC purchased a new stake in Sprott Physical Gold Trust during the 2nd quarter worth about $644,000.

Sprott Physical Gold Trust Stock Down 0.4 %

PHYS stock opened at $20.87 on Friday. Sprott Physical Gold Trust has a 1 year low of $15.31 and a 1 year high of $21.70. The business’s 50-day moving average is $20.32 and its two-hundred day moving average is $19.97.

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.