Sprott Physical Gold Trust $PHYS Stock Holdings Lifted by Gateway Wealth Partners LLC

Gateway Wealth Partners LLC increased its position in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 284.8% in the first quarter, HoldingsChannel reports. The firm owned 82,584 shares of the exchange traded fund’s stock after acquiring an additional 61,124 shares during the period. Gateway Wealth Partners LLC’s holdings in Sprott Physical Gold Trust were worth $2,927,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Sprott Physical Gold Trust in the fourth quarter worth $33,000. Financial Management Professionals Inc. acquired a new position in Sprott Physical Gold Trust during the fourth quarter valued at $36,000. Scarborough Advisors LLC lifted its stake in Sprott Physical Gold Trust by 2,202.0% in the 1st quarter. Scarborough Advisors LLC now owns 1,151 shares of the exchange traded fund’s stock worth $41,000 after acquiring an additional 1,101 shares in the last quarter. Eastern Bank purchased a new stake in Sprott Physical Gold Trust in the 4th quarter worth about $47,000. Finally, Main Street Group LTD acquired a new stake in Sprott Physical Gold Trust during the 1st quarter worth about $54,000.

Sprott Physical Gold Trust Stock Up 0.7%

NYSEARCA:PHYS opened at $30.84 on Tuesday. Sprott Physical Gold Trust has a fifty-two week low of $25.00 and a fifty-two week high of $42.07. The stock’s 50-day moving average is $31.84 and its two-hundred day moving average is $34.93.

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.