Rothschild Wealth LLC Invests $6.60 Million in Sprott Physical Gold Trust $PHYS

Rothschild Wealth LLC purchased a new position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 199,762 shares of the exchange traded fund’s stock, valued at approximately $6,596,000.

Other hedge funds have also modified their holdings of the company. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Sprott Physical Gold Trust during the 4th quarter worth $33,000. Financial Management Professionals Inc. purchased a new position in Sprott Physical Gold Trust during the 4th quarter valued at about $36,000. Eastern Bank purchased a new position in Sprott Physical Gold Trust during the 4th quarter valued at about $47,000. Strategic Advocates LLC purchased a new position in Sprott Physical Gold Trust during the 3rd quarter valued at about $51,000. Finally, Legacy Wealth Managment LLC ID boosted its holdings in Sprott Physical Gold Trust by 49.3% during the 4th quarter. Legacy Wealth Managment LLC ID now owns 2,162 shares of the exchange traded fund’s stock valued at $71,000 after acquiring an additional 714 shares during the period.

Sprott Physical Gold Trust Stock Performance

Shares of Sprott Physical Gold Trust stock opened at $32.62 on Wednesday. The business has a 50-day moving average of $34.63 and a 200 day moving average of $35.38. Sprott Physical Gold Trust has a 12 month low of $24.86 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.