Money Concepts Capital Corp Makes New Investment in Sprott Physical Gold Trust $PHYS

Money Concepts Capital Corp bought a new position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 305,879 shares of the exchange traded fund’s stock, valued at approximately $9,565,000.

A number of other hedge funds have also modified their holdings of the business. Balance Wealth Partners LLC purchased a new position in shares of Sprott Physical Gold Trust in the third quarter worth about $27,000. Mather Group LLC. acquired a new position in Sprott Physical Gold Trust during the third quarter worth about $28,000. Toth Financial Advisory Corp acquired a new position in Sprott Physical Gold Trust during the third quarter worth about $28,000. Center for Financial Planning Inc. acquired a new position in Sprott Physical Gold Trust during the third quarter worth about $36,000. Finally, Scarborough Advisors LLC grew its stake in Sprott Physical Gold Trust by 2,202.0% during the 1st quarter. Scarborough Advisors LLC now owns 1,151 shares of the exchange traded fund’s stock valued at $41,000 after acquiring an additional 1,101 shares in the last quarter.

Sprott Physical Gold Trust Stock Down 2.7%

Shares of NYSEARCA PHYS opened at $29.29 on Friday. Sprott Physical Gold Trust has a 12-month low of $29.11 and a 12-month high of $42.07. The company has a 50-day moving average of $31.47 and a 200 day moving average of $33.77.

About Sprott Physical Gold Trust

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.