Cetera Investment Advisers Increases Holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Cetera Investment Advisers boosted its position in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 791.8% in the 1st quarter, Holdings Channel reports. The institutional investor owned 1,091,188 shares of the exchange traded fund’s stock after purchasing an additional 968,835 shares during the period. Cetera Investment Advisers’ holdings in Sprott Physical Gold Trust were worth $18,878,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ndwm LLC lifted its holdings in shares of Sprott Physical Gold Trust by 34.7% in the 1st quarter. Ndwm LLC now owns 19,065 shares of the exchange traded fund’s stock worth $330,000 after acquiring an additional 4,911 shares during the last quarter. Private Advisor Group LLC boosted its position in Sprott Physical Gold Trust by 88.8% during the first quarter. Private Advisor Group LLC now owns 777,048 shares of the exchange traded fund’s stock valued at $13,443,000 after buying an additional 365,371 shares during the period. Headlands Technologies LLC bought a new position in shares of Sprott Physical Gold Trust during the first quarter valued at about $281,000. ORG Partners LLC purchased a new position in shares of Sprott Physical Gold Trust in the first quarter worth about $4,046,000. Finally, Sandy Cove Advisors LLC lifted its stake in shares of Sprott Physical Gold Trust by 27.9% in the 1st quarter. Sandy Cove Advisors LLC now owns 30,567 shares of the exchange traded fund’s stock valued at $529,000 after acquiring an additional 6,667 shares during the last quarter.

Sprott Physical Gold Trust Price Performance

PHYS stock remained flat at $18.96 during trading on Friday. The company had a trading volume of 3,679,257 shares, compared to its average volume of 1,981,891. The stock has a 50-day moving average of $18.35 and a 200-day moving average of $17.45. Sprott Physical Gold Trust has a 52 week low of $14.00 and a 52 week high of $19.24.

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.