Whalerock Point Partners LLC Takes Position in Sprott Physical Gold Trust $PHYS

Whalerock Point Partners LLC acquired a new stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 31,000 shares of the exchange traded fund’s stock, valued at approximately $1,024,000.

Other institutional investors have also modified their holdings of the company. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Sprott Physical Gold Trust in the fourth quarter valued at approximately $33,000. Financial Management Professionals Inc. acquired a new position in shares of Sprott Physical Gold Trust in the fourth quarter valued at approximately $36,000. Eastern Bank acquired a new position in shares of Sprott Physical Gold Trust in the fourth quarter valued at approximately $47,000. Strategic Advocates LLC acquired a new position in shares of Sprott Physical Gold Trust in the third quarter valued at approximately $51,000. Finally, Legacy Wealth Managment LLC ID raised its position in shares of Sprott Physical Gold Trust by 49.3% in the fourth quarter. Legacy Wealth Managment LLC ID now owns 2,162 shares of the exchange traded fund’s stock valued at $71,000 after buying an additional 714 shares during the last quarter.

Sprott Physical Gold Trust Price Performance

NYSEARCA:PHYS opened at $31.75 on Monday. The firm has a 50 day simple moving average of $34.74 and a 200-day simple moving average of $35.37. Sprott Physical Gold Trust has a 1-year low of $24.86 and a 1-year high of $42.07.

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