Discipline Wealth Solutions LLC Makes New Investment in Sprott Physical Gold Trust $PHYS

Discipline Wealth Solutions LLC bought a new stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 31,501 shares of the exchange traded fund’s stock, valued at approximately $1,116,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of PHYS. Royal Bank of Canada increased its holdings in Sprott Physical Gold Trust by 8.2% during the 4th quarter. Royal Bank of Canada now owns 9,516,053 shares of the exchange traded fund’s stock worth $314,220,000 after acquiring an additional 724,321 shares during the period. Federation des caisses Desjardins du Quebec boosted its holdings in Sprott Physical Gold Trust by 2.3% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 5,589,846 shares of the exchange traded fund’s stock valued at $184,642,000 after purchasing an additional 125,087 shares during the period. Heritage Wealth Advisors purchased a new position in shares of Sprott Physical Gold Trust during the 4th quarter valued at $169,676,000. Pekin Hardy Strauss Inc. grew its position in shares of Sprott Physical Gold Trust by 1.3% during the 4th quarter. Pekin Hardy Strauss Inc. now owns 4,318,119 shares of the exchange traded fund’s stock valued at $142,584,000 after purchasing an additional 56,549 shares in the last quarter. Finally, Jupiter Asset Management Ltd. increased its holdings in shares of Sprott Physical Gold Trust by 9.9% in the fourth quarter. Jupiter Asset Management Ltd. now owns 3,457,370 shares of the exchange traded fund’s stock worth $114,197,000 after purchasing an additional 311,515 shares during the period.

Sprott Physical Gold Trust Trading Down 0.7%

Shares of PHYS stock opened at $31.59 on Tuesday. Sprott Physical Gold Trust has a 52-week low of $24.86 and a 52-week high of $42.07. The business’s fifty day moving average is $34.31 and its 200 day moving average is $35.37.

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.