Silver Oak Securities Incorporated Buys 29,503 Shares of Sprott Physical Gold Trust $PHYS

Silver Oak Securities Incorporated boosted its stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 60.1% in the fourth quarter, Holdings Channel reports. The firm owned 78,602 shares of the exchange traded fund’s stock after purchasing an additional 29,503 shares during the quarter. Silver Oak Securities Incorporated’s holdings in Sprott Physical Gold Trust were worth $2,610,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Transce3nd LLC grew its stake in Sprott Physical Gold Trust by 129.5% during the second quarter. Transce3nd LLC now owns 1,515 shares of the exchange traded fund’s stock worth $38,000 after buying an additional 855 shares in the last quarter. Eastern Bank bought a new position in Sprott Physical Gold Trust in the 4th quarter valued at about $47,000. Strategic Advocates LLC acquired a new position in shares of Sprott Physical Gold Trust in the 3rd quarter valued at approximately $51,000. Franklin Resources Inc. acquired a new position in shares of Sprott Physical Gold Trust in the 3rd quarter valued at approximately $74,000. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Sprott Physical Gold Trust by 80.1% during the 2nd quarter. Smartleaf Asset Management LLC now owns 3,937 shares of the exchange traded fund’s stock worth $98,000 after acquiring an additional 1,751 shares during the period.

Sprott Physical Gold Trust Trading Up 0.1%

NYSEARCA PHYS opened at $34.14 on Tuesday. The firm’s 50 day simple moving average is $37.59 and its 200 day simple moving average is $33.74. Sprott Physical Gold Trust has a 1 year low of $22.72 and a 1 year 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.