Sprott Physical Gold Trust $PHYS Stock Bought by Parallel Advisors LLC

Parallel Advisors LLC grew its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 2,716.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 226,806 shares of the exchange traded fund’s stock after acquiring an additional 218,753 shares during the period. Parallel Advisors LLC’s holdings in Sprott Physical Gold Trust were worth $7,092,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ashton Thomas Private Wealth LLC boosted its holdings in Sprott Physical Gold Trust by 26.8% in the third quarter. Ashton Thomas Private Wealth LLC now owns 28,344 shares of the exchange traded fund’s stock valued at $886,000 after purchasing an additional 5,987 shares during the last quarter. Asset One Wealth Management LLC grew its stake in Sprott Physical Gold Trust by 2.8% during the 3rd quarter. Asset One Wealth Management LLC now owns 411,442 shares of the exchange traded fund’s stock valued at $12,866,000 after purchasing an additional 11,143 shares in the last quarter. International Assets Investment Management LLC increased its holdings in Sprott Physical Gold Trust by 6.0% during the 3rd quarter. International Assets Investment Management LLC now owns 10,300 shares of the exchange traded fund’s stock worth $324,000 after purchasing an additional 584 shares during the last quarter. Pekin Hardy Strauss Inc. purchased a new stake in Sprott Physical Gold Trust during the 3rd quarter worth approximately $138,180,000. Finally, Kestra Advisory Services LLC increased its holdings in Sprott Physical Gold Trust by 6.4% during the 3rd quarter. Kestra Advisory Services LLC now owns 2,107,253 shares of the exchange traded fund’s stock worth $65,894,000 after purchasing an additional 126,300 shares during the last quarter.

Sprott Physical Gold Trust Stock Down 0.7%

Shares of PHYS opened at $30.72 on Friday. The business’s 50 day moving average is $31.72 and its two-hundred day moving average is $33.92. Sprott Physical Gold Trust has a 52-week low of $29.27 and a 52-week high of $42.07.

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.