Foundations Investment Advisors LLC Purchases 5,302 Shares of Sprott Physical Gold Trust (NYSEARCA:PHYS)

Foundations Investment Advisors LLC boosted its position in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 19.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,563 shares of the exchange traded fund’s stock after purchasing an additional 5,302 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Sprott Physical Gold Trust were worth $783,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Veracity Capital LLC lifted its position in Sprott Physical Gold Trust by 2.2% in the 1st quarter. Veracity Capital LLC now owns 19,380 shares of the exchange traded fund’s stock worth $466,000 after buying an additional 419 shares during the last quarter. Sigma Planning Corp raised its stake in shares of Sprott Physical Gold Trust by 0.7% during the first quarter. Sigma Planning Corp now owns 63,985 shares of the exchange traded fund’s stock worth $1,539,000 after acquiring an additional 425 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Sprott Physical Gold Trust by 4.2% in the 1st quarter. Sequoia Financial Advisors LLC now owns 13,259 shares of the exchange traded fund’s stock worth $319,000 after acquiring an additional 535 shares during the last quarter. BIP Wealth LLC boosted its holdings in Sprott Physical Gold Trust by 0.6% during the 4th quarter. BIP Wealth LLC now owns 104,482 shares of the exchange traded fund’s stock valued at $2,104,000 after acquiring an additional 612 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Sprott Physical Gold Trust by 4.0% in the 1st quarter. Bank of New York Mellon Corp now owns 18,731 shares of the exchange traded fund’s stock worth $451,000 after acquiring an additional 729 shares during the last quarter.

Sprott Physical Gold Trust Stock Performance

Shares of NYSEARCA:PHYS opened at $25.02 on Thursday. Sprott Physical Gold Trust has a 1 year low of $18.54 and a 1 year high of $26.42. The stock’s 50-day moving average is $25.58 and its 200 day moving average is $24.11.

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.