Millennium Capital Advisors LLC Purchases New Holdings in Sprott Physical Gold Trust $PHYS

Millennium Capital Advisors LLC purchased a new stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 26,988 shares of the exchange traded fund’s stock, valued at approximately $891,000.

Other hedge funds have also made changes to their positions in the company. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Sprott Physical Gold Trust in the 4th quarter valued at approximately $33,000. Financial Management Professionals Inc. purchased a new stake in shares of Sprott Physical Gold Trust in the 4th quarter valued at approximately $36,000. Eastern Bank purchased a new stake in shares of Sprott Physical Gold Trust in the 4th quarter valued at approximately $47,000. Strategic Advocates LLC purchased a new stake in shares of Sprott Physical Gold Trust in the 3rd quarter valued at approximately $51,000. Finally, Legacy Wealth Managment LLC ID lifted its position in shares of Sprott Physical Gold Trust by 49.3% in the 4th quarter. Legacy Wealth Managment LLC ID now owns 2,162 shares of the exchange traded fund’s stock valued at $71,000 after acquiring an additional 714 shares in the last quarter.

Sprott Physical Gold Trust Stock Performance

Shares of NYSEARCA:PHYS opened at $34.42 on Friday. Sprott Physical Gold Trust has a 52 week low of $24.12 and a 52 week high of $42.07. The firm has a 50 day simple moving average of $35.93 and a 200 day simple moving average of $34.96.

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.