Kestra Advisory Services LLC Has $29.23 Million Stock Position in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Kestra Advisory Services LLC lifted its stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 1,026.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,451,077 shares of the exchange traded fund’s stock after acquiring an additional 1,322,305 shares during the period. Kestra Advisory Services LLC owned approximately 0.37% of Sprott Physical Gold Trust worth $29,225,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Pekin Hardy Strauss Inc. lifted its position in Sprott Physical Gold Trust by 3.6% in the fourth quarter. Pekin Hardy Strauss Inc. now owns 4,196,788 shares of the exchange traded fund’s stock worth $84,523,000 after purchasing an additional 144,824 shares during the period. Captrust Financial Advisors lifted its position in Sprott Physical Gold Trust by 13.9% in the third quarter. Captrust Financial Advisors now owns 2,277,485 shares of the exchange traded fund’s stock worth $46,415,000 after purchasing an additional 277,117 shares during the period. Raymond James Financial Inc. bought a new position in Sprott Physical Gold Trust in the fourth quarter worth $44,631,000. Sprott Inc. lifted its position in Sprott Physical Gold Trust by 14.9% in the fourth quarter. Sprott Inc. now owns 2,087,486 shares of the exchange traded fund’s stock worth $42,043,000 after purchasing an additional 270,064 shares during the period. Finally, IMC Chicago LLC lifted its position in Sprott Physical Gold Trust by 5,078.7% in the fourth quarter. IMC Chicago LLC now owns 2,025,763 shares of the exchange traded fund’s stock worth $40,799,000 after purchasing an additional 1,986,646 shares during the period.

Sprott Physical Gold Trust Stock Up 0.3 %

Shares of PHYS stock opened at $23.08 on Friday. The stock has a fifty day moving average price of $21.89 and a 200 day moving average price of $20.91. Sprott Physical Gold Trust has a one year low of $16.66 and a one year high of $23.11.

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.