Keybank National Association OH purchased a new stake in Sprott Physical Gold Trust (NYSEARCA:PHYS – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 61,127 shares of the exchange traded fund’s stock, valued at approximately $1,911,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Balance Wealth Partners LLC purchased a new stake in Sprott Physical Gold Trust in the 3rd quarter worth $27,000. Toth Financial Advisory Corp purchased a new position in Sprott Physical Gold Trust during the third quarter valued at $28,000. Mather Group LLC. purchased a new position in Sprott Physical Gold Trust during the third quarter valued at $28,000. Center for Financial Planning Inc. acquired a new stake in shares of Sprott Physical Gold Trust in the third quarter valued at about $36,000. Finally, Scarborough Advisors LLC grew its position in shares of Sprott Physical Gold Trust by 2,202.0% in the first 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 during the period.
Sprott Physical Gold Trust Stock Up 0.0%
Shares of NYSEARCA PHYS traded up $0.01 during trading on Friday, hitting $29.30. The company had a trading volume of 1,774,477 shares, compared to its average volume of 5,115,191. The stock has a fifty day simple moving average of $31.38 and a two-hundred day simple moving average of $33.72. Sprott Physical Gold Trust has a fifty-two week low of $29.11 and a fifty-two 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.
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