Oak Family Advisors LLC Takes Position in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Oak Family Advisors LLC acquired a new stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,642 shares of the exchange traded fund’s stock, valued at approximately $246,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ndwm LLC lifted its position in Sprott Physical Gold Trust by 34.7% during the first quarter. Ndwm LLC now owns 19,065 shares of the exchange traded fund’s stock worth $330,000 after buying an additional 4,911 shares during the period. Private Advisor Group LLC increased its stake in Sprott Physical Gold Trust by 88.8% during the first quarter. Private Advisor Group LLC now owns 777,048 shares of the exchange traded fund’s stock worth $13,443,000 after acquiring an additional 365,371 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Sprott Physical Gold Trust during the first quarter worth about $281,000. Cetera Investment Advisers increased its stake in Sprott Physical Gold Trust by 791.8% during the first quarter. Cetera Investment Advisers now owns 1,091,188 shares of the exchange traded fund’s stock worth $18,878,000 after acquiring an additional 968,835 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in Sprott Physical Gold Trust by 39.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 273,465 shares of the exchange traded fund’s stock worth $4,939,000 after acquiring an additional 77,708 shares during the last quarter.

Sprott Physical Gold Trust Stock Performance

NYSEARCA:PHYS traded down $0.23 on Thursday, hitting $19.29. 1,924,467 shares of the stock were exchanged, compared to its average volume of 2,060,125. Sprott Physical Gold Trust has a fifty-two week low of $14.00 and a fifty-two week high of $19.63. The stock has a fifty day moving average of $18.59 and a 200-day moving average of $17.77.

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.