World Investment Advisors Increases Position in Sprott Physical Gold Trust $PHYS

World Investment Advisors lifted its stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 18.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 245,143 shares of the exchange traded fund’s stock after acquiring an additional 37,455 shares during the period. World Investment Advisors owned 0.05% of Sprott Physical Gold Trust worth $8,688,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in PHYS. Canal Capital Management LLC purchased a new position in Sprott Physical Gold Trust in the first quarter valued at about $1,339,000. Private Advisor Group LLC lifted its position in shares of Sprott Physical Gold Trust by 1.2% during the first quarter. Private Advisor Group LLC now owns 638,594 shares of the exchange traded fund’s stock valued at $22,632,000 after buying an additional 7,361 shares during the last quarter. Keybank National Association OH lifted its position in shares of Sprott Physical Gold Trust by 449.4% during the first quarter. Keybank National Association OH now owns 61,127 shares of the exchange traded fund’s stock valued at $2,166,000 after buying an additional 50,000 shares during the last quarter. Root Financial Partners LLC bought a new stake in shares of Sprott Physical Gold Trust in the 1st quarter valued at about $142,000. Finally, Capital Asset Advisory Services LLC purchased a new position in shares of Sprott Physical Gold Trust in the 1st quarter worth approximately $388,000.

Sprott Physical Gold Trust Stock Performance

NYSEARCA PHYS opened at $31.08 on Friday. The company has a 50 day moving average price of $33.29 and a 200 day moving average price of $35.24. Sprott Physical Gold Trust has a 52 week low of $25.00 and a 52 week 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.