Asset One Wealth Management LLC Makes New Investment in Sprott Physical Gold Trust $PHYS

Asset One Wealth Management LLC acquired a new position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 364,106 shares of the exchange traded fund’s stock, valued at approximately $12,744,000. Sprott Physical Gold Trust comprises about 1.8% of Asset One Wealth Management LLC’s portfolio, making the stock its 13th biggest position. Asset One Wealth Management LLC owned about 0.08% of Sprott Physical Gold Trust as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in PHYS. AQR Capital Management LLC bought a new stake in Sprott Physical Gold Trust during the first quarter worth approximately $260,000. Focus Partners Wealth bought a new stake in Sprott Physical Gold Trust during the first quarter worth approximately $200,000. Cerity Partners LLC increased its stake in Sprott Physical Gold Trust by 14.0% during the second quarter. Cerity Partners LLC now owns 77,964 shares of the exchange traded fund’s stock worth $1,976,000 after acquiring an additional 9,585 shares during the last quarter. NewEdge Advisors LLC increased its stake in Sprott Physical Gold Trust by 43.6% during the second quarter. NewEdge Advisors LLC now owns 91,329 shares of the exchange traded fund’s stock worth $2,315,000 after acquiring an additional 27,724 shares during the last quarter. Finally, Darwin Wealth Management LLC bought a new stake in Sprott Physical Gold Trust during the second quarter worth approximately $489,000.

Sprott Physical Gold Trust Price Performance

Shares of NYSEARCA PHYS opened at $31.94 on Thursday. The business’s 50 day moving average is $34.56 and its two-hundred day moving average is $35.38. Sprott Physical Gold Trust has a 1-year low of $24.86 and a 1-year high of $42.07.

Sprott Physical Gold Trust 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.