2,000 Shares in Sprott Physical Gold Trust (NYSEARCA:PHYS) Acquired by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC acquired a new position in Sprott Physical Gold Trust (NYSEARCA:PHYS) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 2,000 shares of the exchange traded fund’s stock, valued at approximately $40,000.

A number of other institutional investors also recently modified their holdings of PHYS. Legacy Investment Solutions LLC acquired a new position in Sprott Physical Gold Trust during the 3rd quarter worth approximately $28,000. Missouri Trust & Investment Co grew its stake in Sprott Physical Gold Trust by 160.9% in the 3rd quarter. Missouri Trust & Investment Co now owns 2,609 shares of the exchange traded fund’s stock valued at $53,000 after purchasing an additional 1,609 shares during the period. First Horizon Advisors Inc. purchased a new stake in shares of Sprott Physical Gold Trust during the 3rd quarter valued at $54,000. Salomon & Ludwin LLC bought a new stake in shares of Sprott Physical Gold Trust in the 4th quarter worth approximately $65,000. Finally, AdvisorNet Financial Inc grew its stake in shares of Sprott Physical Gold Trust by 7,000.0% during the 4th quarter. AdvisorNet Financial Inc now owns 3,550 shares of the exchange traded fund’s stock worth $71,000 after acquiring an additional 3,500 shares during the period.

Sprott Physical Gold Trust Stock Performance

Shares of PHYS stock opened at $22.64 on Wednesday. Sprott Physical Gold Trust has a 12 month low of $16.66 and a 12 month high of $22.91. The firm’s 50 day moving average is $21.73 and its 200 day moving average is $20.84.

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.