Cetera Investment Advisers Acquires 968,835 Shares of Sprott Physical Gold Trust (NYSEARCA:PHYS)

Cetera Investment Advisers grew its holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 791.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,091,188 shares of the exchange traded fund’s stock after purchasing an additional 968,835 shares during the period. Cetera Investment Advisers owned about 0.27% of Sprott Physical Gold Trust worth $18,878,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in PHYS. Latitude Advisors LLC lifted its position in Sprott Physical Gold Trust by 2.2% during the 1st quarter. Latitude Advisors LLC now owns 27,571 shares of the exchange traded fund’s stock worth $477,000 after buying an additional 600 shares in the last quarter. Koshinski Asset Management Inc. boosted its position in Sprott Physical Gold Trust by 9.0% during the first quarter. Koshinski Asset Management Inc. now owns 16,975 shares of the exchange traded fund’s stock valued at $294,000 after purchasing an additional 1,405 shares during the last quarter. Perritt Capital Management Inc. grew its stake in 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 purchasing an additional 2,027 shares in the last quarter. Brookstone Capital Management increased its position in shares of Sprott Physical Gold Trust by 2.7% during the 1st quarter. Brookstone Capital Management now owns 126,629 shares of the exchange traded fund’s stock worth $2,191,000 after purchasing an additional 3,298 shares during the last quarter. Finally, Evermay Wealth Management LLC raised its stake in shares of Sprott Physical Gold Trust by 567.7% during the 1st quarter. Evermay Wealth Management LLC now owns 3,906 shares of the exchange traded fund’s stock worth $68,000 after purchasing an additional 3,321 shares in the last quarter.

Sprott Physical Gold Trust Stock Performance

Shares of NYSEARCA:PHYS remained flat at $18.96 during midday trading on Friday. 3,679,257 shares of the company traded hands, compared to its average volume of 1,981,891. Sprott Physical Gold Trust has a twelve month low of $14.00 and a twelve month high of $19.24. The business has a 50 day moving average of $18.35 and a 200-day moving average of $17.45.

Sprott Physical Gold Trust Company 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.