Virginia Estate & Retirement Planning Advisors Inc. Acquires New Stake in Sprott Physical Gold Trust $PHYS

Virginia Estate & Retirement Planning Advisors Inc. acquired a new stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 110,317 shares of the exchange traded fund’s stock, valued at approximately $3,452,000. Sprott Physical Gold Trust accounts for about 4.3% of Virginia Estate & Retirement Planning Advisors Inc.’s investment portfolio, making the stock its 6th largest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of PHYS. Sequoia Financial Advisors LLC lifted its position in Sprott Physical Gold Trust by 1.1% in the second quarter. Sequoia Financial Advisors LLC now owns 28,865 shares of the exchange traded fund’s stock worth $871,000 after buying an additional 319 shares during the last quarter. Summit Financial Strategies Inc. boosted its holdings in Sprott Physical Gold Trust by 5.3% during the 1st quarter. Summit Financial Strategies Inc. now owns 6,602 shares of the exchange traded fund’s stock valued at $234,000 after acquiring an additional 330 shares during the period. Community Financial Services Group LLC increased its stake in Sprott Physical Gold Trust by 8.0% in the second quarter. Community Financial Services Group LLC now owns 5,420 shares of the exchange traded fund’s stock worth $165,000 after purchasing an additional 400 shares during the period. Wealthspire Retirement LLC increased its stake in Sprott Physical Gold Trust by 7.1% in the first quarter. Wealthspire Retirement LLC now owns 7,034 shares of the exchange traded fund’s stock worth $249,000 after purchasing an additional 464 shares during the period. Finally, Nvest Financial LLC lifted its position in shares of Sprott Physical Gold Trust by 2.2% during the first quarter. Nvest Financial LLC now owns 24,240 shares of the exchange traded fund’s stock worth $859,000 after purchasing an additional 523 shares during the last quarter.

Sprott Physical Gold Trust Stock Down 0.2%

PHYS stock opened at $31.43 on Wednesday. Sprott Physical Gold Trust has a 12 month low of $29.30 and a 12 month high of $42.07. The firm’s 50-day moving average is $32.84 and its 200 day moving average is $33.06.

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.