Kestra Advisory Services LLC lifted its stake in Sprott Physical Gold Trust (NYSEARCA:PHYS – Free Report) by 6.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,107,253 shares of the exchange traded fund’s stock after purchasing an additional 126,300 shares during the period. Kestra Advisory Services LLC’s holdings in Sprott Physical Gold Trust were worth $65,894,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Balance Wealth Partners LLC purchased a new position in Sprott Physical Gold Trust during the third quarter valued at $27,000. Mather Group LLC. bought a new stake in Sprott Physical Gold Trust during the third quarter valued at about $28,000. Toth Financial Advisory Corp purchased a new stake in Sprott Physical Gold Trust in the third quarter worth about $28,000. Center for Financial Planning Inc. purchased a new stake in Sprott Physical Gold Trust in the third quarter worth about $36,000. Finally, Scarborough Advisors LLC increased its position in Sprott Physical Gold Trust by 2,202.0% in the first quarter. Scarborough Advisors LLC now owns 1,151 shares of the exchange traded fund’s stock worth $41,000 after buying an additional 1,101 shares in the last quarter.
Sprott Physical Gold Trust Stock Up 0.9%
NYSEARCA PHYS opened at $30.94 on Friday. The stock’s 50-day moving average price is $31.80 and its 200-day moving average price is $33.95. Sprott Physical Gold Trust has a 52 week low of $29.27 and a 52 week high of $42.07.
Sprott Physical Gold Trust Company 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.
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