ArchPoint Investors Buys 75,000 Shares of Sprott Physical Gold Trust $PHYS

ArchPoint Investors lifted its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 43.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 248,200 shares of the exchange traded fund’s stock after purchasing an additional 75,000 shares during the quarter. Sprott Physical Gold Trust comprises 1.9% of ArchPoint Investors’ investment portfolio, making the stock its 12th biggest holding. ArchPoint Investors’ holdings in Sprott Physical Gold Trust were worth $8,196,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in PHYS. AQR Capital Management LLC bought a new position in shares of Sprott Physical Gold Trust during the 1st quarter worth about $260,000. Focus Partners Wealth bought a new position in shares of Sprott Physical Gold Trust during the 1st quarter worth about $200,000. Cerity Partners LLC raised its holdings in shares of Sprott Physical Gold Trust by 14.0% in the 2nd quarter. Cerity Partners LLC now owns 77,964 shares of the exchange traded fund’s stock worth $1,976,000 after acquiring an additional 9,585 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of Sprott Physical Gold Trust by 43.6% in the 2nd quarter. NewEdge Advisors LLC now owns 91,329 shares of the exchange traded fund’s stock worth $2,315,000 after acquiring an additional 27,724 shares during the last quarter. Finally, Darwin Wealth Management LLC acquired a new stake in shares of Sprott Physical Gold Trust in the 2nd quarter worth about $489,000.

Sprott Physical Gold Trust Stock Performance

PHYS opened at $31.75 on Friday. Sprott Physical Gold Trust has a fifty-two week low of $24.86 and a fifty-two week high of $42.07. The company’s 50-day moving average is $34.74 and its 200 day moving average is $35.34.

About Sprott Physical Gold Trust

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.