Private Client Services LLC Increases Stock Holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Private Client Services LLC boosted its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 38.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 64,575 shares of the exchange traded fund’s stock after buying an additional 17,888 shares during the quarter. Private Client Services LLC’s holdings in Sprott Physical Gold Trust were worth $1,301,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of PHYS. Legacy Investment Solutions LLC purchased a new stake in shares of Sprott Physical Gold Trust in the third quarter valued at $28,000. St. Johns Investment Management Company LLC purchased a new stake in Sprott Physical Gold Trust in the 3rd quarter worth about $51,000. Missouri Trust & Investment Co raised its position in Sprott Physical Gold Trust by 160.9% in the 3rd quarter. Missouri Trust & Investment Co now owns 2,609 shares of the exchange traded fund’s stock worth $53,000 after purchasing an additional 1,609 shares during the period. First Horizon Advisors Inc. bought a new stake in Sprott Physical Gold Trust in the third quarter worth about $54,000. Finally, Sunbelt Securities Inc. purchased a new position in shares of Sprott Physical Gold Trust during the second quarter valued at approximately $51,000.

Sprott Physical Gold Trust Trading Up 0.4 %

Shares of PHYS traded up $0.08 during mid-day trading on Wednesday, reaching $20.46. 1,814,290 shares of the company’s stock traded hands, compared to its average volume of 2,191,221. The stock’s 50-day moving average is $20.39 and its two-hundred day moving average is $19.83. Sprott Physical Gold Trust has a 12 month low of $15.31 and a 12 month high of $21.70.

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.