Mutual Advisors LLC Acquires 7,030 Shares of Sprott Physical Gold Trust $PHYS

Mutual Advisors LLC increased its holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 66.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,686 shares of the exchange traded fund’s stock after purchasing an additional 7,030 shares during the period. Mutual Advisors LLC’s holdings in Sprott Physical Gold Trust were worth $453,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Ameriflex Group Inc. boosted its holdings in Sprott Physical Gold Trust by 66.7% during the second quarter. Ameriflex Group Inc. now owns 1,000 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 400 shares during the period. Cheviot Value Management LLC bought a new stake in Sprott Physical Gold Trust during the first quarter valued at about $30,000. Assetmark Inc. bought a new stake in Sprott Physical Gold Trust during the first quarter valued at about $31,000. Hilltop National Bank bought a new stake in Sprott Physical Gold Trust during the second quarter valued at about $32,000. Finally, Continuum Advisory LLC boosted its holdings in Sprott Physical Gold Trust by 162.9% during the first quarter. Continuum Advisory LLC now owns 1,472 shares of the exchange traded fund’s stock valued at $35,000 after acquiring an additional 912 shares during the period.

Sprott Physical Gold Trust Stock Performance

PHYS stock opened at $33.31 on Tuesday. Sprott Physical Gold Trust has a 52-week low of $19.63 and a 52-week high of $33.31. The company has a 50-day moving average of $28.35 and a two-hundred day moving average of $26.38.

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.