Laird Norton Wetherby Trust Company LLC Boosts Stock Position in Sprott Physical Gold Trust $PHYS

Laird Norton Wetherby Trust Company LLC lifted its position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 7.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 327,081 shares of the exchange traded fund’s stock after buying an additional 22,425 shares during the period. Sprott Physical Gold Trust comprises 1.7% of Laird Norton Wetherby Trust Company LLC’s investment portfolio, making the stock its 13th largest position. Laird Norton Wetherby Trust Company LLC owned 0.07% of Sprott Physical Gold Trust worth $9,688,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of PHYS. AQR Capital Management LLC bought a new position in Sprott Physical Gold Trust during the first quarter valued at approximately $260,000. Focus Partners Wealth purchased a new stake in shares of Sprott Physical Gold Trust in the 1st quarter valued at $200,000. PNC Financial Services Group Inc. boosted its stake in shares of Sprott Physical Gold Trust by 40.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 215,406 shares of the exchange traded fund’s stock valued at $5,461,000 after purchasing an additional 61,888 shares in the last quarter. Foundations Investment Advisors LLC grew its holdings in shares of Sprott Physical Gold Trust by 2.4% during the 2nd quarter. Foundations Investment Advisors LLC now owns 33,354 shares of the exchange traded fund’s stock valued at $846,000 after purchasing an additional 791 shares during the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of Sprott Physical Gold Trust by 3.8% during the 2nd quarter. Cetera Investment Advisers now owns 1,199,310 shares of the exchange traded fund’s stock valued at $30,403,000 after purchasing an additional 44,234 shares during the last quarter.

Sprott Physical Gold Trust Trading Down 0.1%

Shares of NYSEARCA:PHYS opened at $38.05 on Tuesday. The company’s fifty day moving average is $37.63 and its 200 day moving average is $33.24. Sprott Physical Gold Trust has a 52 week low of $22.72 and a 52 week high of $42.07.

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. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.