Avantax Advisory Services Inc. Buys 3,779 Shares of Sprott Physical Gold Trust (NYSEARCA:PHYS)

Avantax Advisory Services Inc. raised its stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 31.1% in the fourth quarter, Holdings Channel reports. The firm owned 15,912 shares of the exchange traded fund’s stock after acquiring an additional 3,779 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Sprott Physical Gold Trust were worth $320,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Legacy Investment Solutions LLC acquired a new stake in Sprott Physical Gold Trust in the third quarter valued at $28,000. Jones Financial Companies Lllp bought a new stake in shares of Sprott Physical Gold Trust in the 4th quarter valued at about $39,000. Smartleaf Asset Management LLC acquired a new stake in Sprott Physical Gold Trust in the 4th quarter valued at about $40,000. Smithfield Trust Co bought a new position in Sprott Physical Gold Trust during the fourth quarter worth about $50,000. Finally, Salomon & Ludwin LLC acquired a new position in Sprott Physical Gold Trust during the fourth quarter worth approximately $65,000.

Sprott Physical Gold Trust Trading Up 0.6 %

Shares of NYSEARCA PHYS opened at $23.38 on Wednesday. Sprott Physical Gold Trust has a 12 month low of $16.90 and a 12 month high of $23.61. The stock has a 50 day moving average of $22.30 and a 200-day moving average of $21.11.

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.