50,345 Sprott Physical Gold Trust $PHYS Shares Acquired by Convergence Financial LLC

Convergence Financial LLC grew its holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 265.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 69,325 shares of the exchange traded fund’s stock after purchasing an additional 50,345 shares during the quarter. Convergence Financial LLC’s holdings in Sprott Physical Gold Trust were worth $2,168,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Evanson Financial LLC purchased a new stake in shares of Sprott Physical Gold Trust in the 2nd quarter worth approximately $108,576,000. IMC Chicago LLC increased its holdings in Sprott Physical Gold Trust by 494.3% during the first quarter. IMC Chicago LLC now owns 2,449,218 shares of the exchange traded fund’s stock valued at $86,800,000 after buying an additional 2,037,133 shares during the period. Cetera Investment Advisers increased its holdings in Sprott Physical Gold Trust by 5.6% during the first quarter. Cetera Investment Advisers now owns 1,726,789 shares of the exchange traded fund’s stock valued at $61,197,000 after buying an additional 91,695 shares during the period. WIT Partners Advisory Pte. Ltd. increased its holdings in Sprott Physical Gold Trust by 48.9% during the second quarter. WIT Partners Advisory Pte. Ltd. now owns 1,401,170 shares of the exchange traded fund’s stock valued at $42,273,000 after buying an additional 459,950 shares during the period. Finally, Kestra Advisory Services LLC increased its holdings in Sprott Physical Gold Trust by 39.7% during the first quarter. Kestra Advisory Services LLC now owns 1,347,193 shares of the exchange traded fund’s stock valued at $47,745,000 after buying an additional 382,603 shares during the period.

Sprott Physical Gold Trust Stock Up 0.3%

Shares of NYSEARCA PHYS opened at $30.78 on Thursday. The stock’s fifty day simple moving average is $32.37 and its two-hundred day simple moving average is $34.09. Sprott Physical Gold Trust has a 12-month low of $29.58 and a 12-month high of $42.07.

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.