Prospera Financial Services Inc Purchases 14,758 Shares of Sprott Physical Gold Trust (NYSEARCA:PHYS)

Prospera Financial Services Inc lifted its position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 4.9% during the third quarter, Holdings Channel.com reports. The firm owned 315,479 shares of the exchange traded fund’s stock after buying an additional 14,758 shares during the quarter. Prospera Financial Services Inc’s holdings in Sprott Physical Gold Trust were worth $6,429,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in PHYS. Evermay Wealth Management LLC increased its position in Sprott Physical Gold Trust by 567.7% during the first quarter. Evermay Wealth Management LLC now owns 3,906 shares of the exchange traded fund’s stock worth $68,000 after acquiring an additional 3,321 shares during the period. Biltmore Family Office LLC increased its holdings in shares of Sprott Physical Gold Trust by 6.8% during the first quarter. Biltmore Family Office LLC now owns 314,207 shares of the exchange traded fund’s stock worth $5,436,000 after purchasing an additional 20,000 shares during the period. Perritt Capital Management Inc. raised its position in shares of Sprott Physical Gold Trust by 0.6% in the first quarter. Perritt Capital Management Inc. now owns 348,757 shares of the exchange traded fund’s stock valued at $6,034,000 after buying an additional 2,027 shares in the last quarter. Mountain Lake Investment Management LLC boosted its stake in shares of Sprott Physical Gold Trust by 10.1% in the first quarter. Mountain Lake Investment Management LLC now owns 350,000 shares of the exchange traded fund’s stock valued at $6,055,000 after buying an additional 32,000 shares during the period. Finally, Captrust Financial Advisors grew its position in Sprott Physical Gold Trust by 4.1% during the first quarter. Captrust Financial Advisors now owns 1,823,029 shares of the exchange traded fund’s stock worth $31,538,000 after buying an additional 71,602 shares in the last quarter.

Sprott Physical Gold Trust Stock Performance

Sprott Physical Gold Trust stock opened at $20.25 on Wednesday. The stock’s fifty day moving average price is $20.59 and its two-hundred day moving average price is $19.31. Sprott Physical Gold Trust has a one year low of $15.31 and a one year 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.