Sprott Physical Gold Trust $PHYS Shares Purchased by Gateway Wealth Partners LLC

Gateway Wealth Partners LLC raised its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 284.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,584 shares of the exchange traded fund’s stock after acquiring an additional 61,124 shares during the period. Gateway Wealth Partners LLC’s holdings in Sprott Physical Gold Trust were worth $2,927,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC bought a new position in shares of Sprott Physical Gold Trust in the fourth quarter valued at approximately $33,000. Financial Management Professionals Inc. acquired a new stake in Sprott Physical Gold Trust in the fourth quarter worth approximately $36,000. Scarborough Advisors LLC boosted 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 purchasing an additional 1,101 shares in the last quarter. Eastern Bank acquired a new position in shares of Sprott Physical Gold Trust during the 4th quarter valued at $47,000. Finally, Main Street Group LTD bought a new stake in shares of Sprott Physical Gold Trust in the 1st quarter worth $54,000.

Sprott Physical Gold Trust Stock Performance

Shares of Sprott Physical Gold Trust stock opened at $30.84 on Tuesday. The business has a fifty day simple moving average of $31.84 and a 200-day simple moving average of $34.93. Sprott Physical Gold Trust has a fifty-two week low of $25.00 and a fifty-two week high of $42.07.

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.