Avidian Wealth Enterprises LLC Has $1.87 Million Stock Position in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Avidian Wealth Enterprises LLC increased its position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 11.9% during the third quarter, Holdings Channel reports. The fund owned 91,682 shares of the exchange traded fund’s stock after acquiring an additional 9,720 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in Sprott Physical Gold Trust were worth $1,868,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in PHYS. Banque Cantonale Vaudoise purchased a new stake in shares of Sprott Physical Gold Trust in the second quarter valued at $36,000. Sunbelt Securities Inc. purchased a new stake in shares of Sprott Physical Gold Trust in the second quarter worth approximately $51,000. St. Johns Investment Management Company LLC acquired a new stake in shares of Sprott Physical Gold Trust during the 3rd quarter valued at $51,000. 1620 Investment Advisors Inc. purchased a new position in shares of Sprott Physical Gold Trust during the 2nd quarter valued at $55,000. Finally, Evermay Wealth Management LLC increased its stake in shares of Sprott Physical Gold Trust by 567.7% in the first quarter. Evermay Wealth Management LLC now owns 3,906 shares of the exchange traded fund’s stock worth $68,000 after acquiring an additional 3,321 shares during the last quarter.

Sprott Physical Gold Trust Trading Up 0.1 %

Shares of NYSEARCA:PHYS opened at $21.31 on Wednesday. The business has a fifty day simple moving average of $20.45 and a 200 day simple moving average of $19.16. Sprott Physical Gold Trust has a 1 year low of $15.09 and a 1 year high of $21.70.

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.