VanWeelden Wealth Management LLC acquired a new stake in Sprott Physical Gold Trust (NYSEARCA:PHYS – Free Report) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 47,305 shares of the exchange traded fund’s stock, valued at approximately $953,000. Sprott Physical Gold Trust accounts for 0.9% of VanWeelden Wealth Management LLC’s investment portfolio, making the stock its 13th largest holding.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PHYS. Legacy Investment Solutions LLC acquired a new position in Sprott Physical Gold Trust in the third quarter valued at $28,000. Jones Financial Companies Lllp acquired a new position in Sprott Physical Gold Trust in the fourth quarter valued at $39,000. Smartleaf Asset Management LLC acquired a new position in Sprott Physical Gold Trust in the fourth quarter valued at $40,000. Smithfield Trust Co acquired a new position in Sprott Physical Gold Trust in the fourth quarter valued at $50,000. Finally, First Horizon Advisors Inc. acquired a new position in Sprott Physical Gold Trust in the third quarter valued at $54,000.
Sprott Physical Gold Trust Trading Up 0.6 %
Shares of Sprott Physical Gold Trust stock opened at $22.78 on Thursday. Sprott Physical Gold Trust has a twelve month low of $16.66 and a twelve month high of $22.91. The business’s fifty day moving average price is $21.79 and its 200 day moving average price is $20.86.
About Sprott Physical Gold Trust
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.
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Want to see what other hedge funds are holding PHYS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sprott Physical Gold Trust (NYSEARCA:PHYS – Free Report).
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