Nvest Financial LLC Invests $704,000 in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Nvest Financial LLC purchased a new position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 34,956 shares of the exchange traded fund’s stock, valued at approximately $704,000.

A number of other hedge funds have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its stake in Sprott Physical Gold Trust by 8.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 433,931 shares of the exchange traded fund’s stock worth $7,837,000 after acquiring an additional 33,820 shares in the last quarter. Sunbelt Securities Inc. acquired a new position in Sprott Physical Gold Trust during the 2nd quarter worth approximately $51,000. Sanctuary Advisors LLC bought a new position in Sprott Physical Gold Trust in the 2nd quarter valued at approximately $9,884,000. Cannon Financial Strategists Inc. acquired a new stake in Sprott Physical Gold Trust in the second quarter valued at approximately $260,000. Finally, Private Client Services LLC grew its stake in shares of Sprott Physical Gold Trust by 8.4% during the third quarter. Private Client Services LLC now owns 46,687 shares of the exchange traded fund’s stock worth $951,000 after buying an additional 3,600 shares during the last quarter.

Sprott Physical Gold Trust Trading Up 0.9 %

Shares of NYSEARCA:PHYS opened at $21.36 on Wednesday. Sprott Physical Gold Trust has a 52-week low of $15.31 and a 52-week high of $21.70. The company has a fifty day moving average of $20.50 and a 200-day moving average of $20.12.

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.