KOM Wealth Management Group LLC Has $3.11 Million Stake in Sprott Physical Gold Trust $PHYS

KOM Wealth Management Group LLC boosted its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 34.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,966 shares of the exchange traded fund’s stock after buying an additional 27,101 shares during the period. Sprott Physical Gold Trust comprises 2.4% of KOM Wealth Management Group LLC’s portfolio, making the stock its 11th largest holding. KOM Wealth Management Group LLC’s holdings in Sprott Physical Gold Trust were worth $3,109,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. E&G Advisors LP lifted its holdings in shares of Sprott Physical Gold Trust by 15.5% during the 3rd quarter. E&G Advisors LP now owns 92,892 shares of the exchange traded fund’s stock worth $2,751,000 after acquiring an additional 12,481 shares during the period. Accurate Wealth Management LLC bought a new stake in Sprott Physical Gold Trust in the third quarter valued at about $284,000. Joseph P. Lucia & Associates LLC acquired a new position in Sprott Physical Gold Trust in the third quarter worth about $206,000. Pure Financial Advisors LLC bought a new position in Sprott Physical Gold Trust during the third quarter worth about $240,000. Finally, HM Payson & Co. lifted its stake in Sprott Physical Gold Trust by 634.8% during the third quarter. HM Payson & Co. now owns 12,154 shares of the exchange traded fund’s stock worth $360,000 after purchasing an additional 10,500 shares during the period.

Sprott Physical Gold Trust Stock Down 0.6%

NYSEARCA PHYS opened at $33.02 on Friday. Sprott Physical Gold Trust has a 1-year low of $20.04 and a 1-year high of $34.83. The stock’s 50 day moving average is $31.92 and its two-hundred day moving average is $28.88.

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.