Synergy Asset Management LLC Buys Shares of 4,731 Sprott Physical Gold Trust (NYSEARCA:PHYS)

Synergy Asset Management LLC purchased a new position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,731 shares of the exchange traded fund’s stock, valued at approximately $96,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. AdvisorNet Financial Inc increased its stake in Sprott Physical Gold Trust by 7,000.0% in the 4th quarter. AdvisorNet Financial Inc now owns 3,550 shares of the exchange traded fund’s stock valued at $71,000 after buying an additional 3,500 shares during the last quarter. Concourse Financial Group Securities Inc. grew its holdings in shares of Sprott Physical Gold Trust by 9.8% in the 3rd quarter. Concourse Financial Group Securities Inc. now owns 6,893 shares of the exchange traded fund’s stock valued at $140,000 after acquiring an additional 615 shares in the last quarter. Raymond James & Associates increased its position in shares of Sprott Physical Gold Trust by 73.3% in the third quarter. Raymond James & Associates now owns 1,602,282 shares of the exchange traded fund’s stock valued at $32,655,000 after acquiring an additional 677,623 shares during the last quarter. International Assets Investment Management LLC raised its holdings in Sprott Physical Gold Trust by 2,471.9% during the third quarter. International Assets Investment Management LLC now owns 2,859,518 shares of the exchange traded fund’s stock worth $58,277,000 after acquiring an additional 2,748,335 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Sprott Physical Gold Trust by 74.1% during the third quarter. JPMorgan Chase & Co. now owns 395,289 shares of the exchange traded fund’s stock valued at $8,056,000 after purchasing an additional 168,288 shares during the last quarter.

Sprott Physical Gold Trust Stock Up 1.3 %

NYSEARCA:PHYS opened at $21.56 on Friday. Sprott Physical Gold Trust has a twelve month low of $15.31 and a twelve month high of $21.70. The stock’s 50 day moving average price is $20.54 and its two-hundred day moving average price is $20.13.

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.