World Equity Group Inc. acquired a new position in Sprott Physical Gold Trust (NYSEARCA:PHYS – Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 20,659 shares of the exchange traded fund’s stock, valued at approximately $732,000.
Other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC purchased a new stake in shares of Sprott Physical Gold Trust in the first quarter worth approximately $260,000. Focus Partners Wealth purchased a new position in Sprott Physical Gold Trust during the first quarter valued at approximately $200,000. Cerity Partners LLC increased its stake in Sprott Physical Gold Trust by 14.0% in the 2nd quarter. Cerity Partners LLC now owns 77,964 shares of the exchange traded fund’s stock valued at $1,976,000 after buying an additional 9,585 shares during the period. NewEdge Advisors LLC increased its stake in Sprott Physical Gold Trust by 43.6% in the 2nd quarter. NewEdge Advisors LLC now owns 91,329 shares of the exchange traded fund’s stock valued at $2,315,000 after buying an additional 27,724 shares during the period. Finally, Darwin Wealth Management LLC purchased a new stake in Sprott Physical Gold Trust in the 2nd quarter worth approximately $489,000.
Sprott Physical Gold Trust Price Performance
Shares of NYSEARCA:PHYS opened at $30.31 on Friday. The firm has a fifty day moving average of $32.38 and a two-hundred day moving average of $35.03. Sprott Physical Gold Trust has a 12-month low of $25.00 and a 12-month 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.
See Also
- Five stocks we like better than Sprott Physical Gold Trust
- Netflix May Be Cheap Enough to Tempt Buyers After Earnings Drop
- Delta vs. United: Which Airline Is Better Built for Higher Fuel Costs?
- The Market Sold Alcoa After Earnings—But It May Be Missing the Real Story
- Why Intuitive Surgical’s Strong Quarter Still Spooked Investors
Receive News & Ratings for Sprott Physical Gold Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprott Physical Gold Trust and related companies with MarketBeat.com's FREE daily email newsletter.
