Independent Financial Group LLC Acquires Shares of 16,345 Sprott Physical Gold Trust $PHYS

Independent Financial Group LLC bought a new position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 16,345 shares of the exchange traded fund’s stock, valued at approximately $579,000.

Other hedge funds also recently made changes to their positions in the company. Enclave Advisors LLC acquired a new position in Sprott Physical Gold Trust in the fourth quarter worth $3,022,000. BCS Wealth Management raised its holdings in shares of Sprott Physical Gold Trust by 99.1% during the fourth quarter. BCS Wealth Management now owns 55,738 shares of the exchange traded fund’s stock worth $1,840,000 after purchasing an additional 27,744 shares during the period. 180 Wealth Advisors LLC acquired a new stake in shares of Sprott Physical Gold Trust during the fourth quarter worth $540,000. BIP Wealth LLC lifted its position in shares of Sprott Physical Gold Trust by 335.2% in the 4th quarter. BIP Wealth LLC now owns 491,350 shares of the exchange traded fund’s stock worth $16,224,000 after buying an additional 378,445 shares during the last quarter. Finally, Brookwood Investment Group LLC lifted its position in shares of Sprott Physical Gold Trust by 47.4% in the 4th quarter. Brookwood Investment Group LLC now owns 59,805 shares of the exchange traded fund’s stock worth $1,975,000 after buying an additional 19,237 shares during the last quarter.

Sprott Physical Gold Trust Stock Up 1.2%

NYSEARCA PHYS opened at $31.22 on Thursday. Sprott Physical Gold Trust has a one year low of $25.00 and a one year high of $42.07. The company has a 50-day simple moving average of $32.08 and a 200-day simple moving average of $34.99.

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.