Integrated Wealth Concepts LLC Has $12.90 Million Position in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Integrated Wealth Concepts LLC increased its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 1.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 632,945 shares of the exchange traded fund’s stock after buying an additional 6,062 shares during the period. Integrated Wealth Concepts LLC owned about 0.16% of Sprott Physical Gold Trust worth $12,899,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its stake in shares of Sprott Physical Gold Trust by 2,471.9% in the third quarter. International Assets Investment Management LLC now owns 2,859,518 shares of the exchange traded fund’s stock worth $58,277,000 after acquiring an additional 2,748,335 shares during the period. Raymond James & Associates raised its holdings in Sprott Physical Gold Trust by 73.3% during the 3rd quarter. Raymond James & Associates now owns 1,602,282 shares of the exchange traded fund’s stock worth $32,655,000 after purchasing an additional 677,623 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Sprott Physical Gold Trust in the 2nd quarter valued at $9,884,000. Cambridge Investment Research Advisors Inc. increased its position in shares of Sprott Physical Gold Trust by 29.6% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 2,271,370 shares of the exchange traded fund’s stock worth $41,021,000 after buying an additional 518,649 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in shares of Sprott Physical Gold Trust by 28.8% during 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 buying an additional 361,514 shares during the period.

Sprott Physical Gold Trust Stock Performance

PHYS stock opened at $20.28 on Wednesday. The company’s fifty day simple moving average is $20.65 and its 200 day simple moving average is $19.45. Sprott Physical Gold Trust has a 12-month low of $15.31 and a 12-month high of $21.70.

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.