Black Diamond Financial LLC Purchases New Holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Black Diamond Financial LLC acquired a new position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) during the 2nd quarter, Holdings Channel reports. The firm acquired 36,800 shares of the exchange traded fund’s stock, valued at approximately $665,000.

A number of other institutional investors also recently made changes to their positions in the business. Latitude Advisors LLC lifted its position in shares of Sprott Physical Gold Trust by 2.2% during the first quarter. Latitude Advisors LLC now owns 27,571 shares of the exchange traded fund’s stock worth $477,000 after purchasing an additional 600 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in Sprott Physical Gold Trust by 0.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 251,686 shares of the exchange traded fund’s stock worth $4,545,000 after buying an additional 851 shares during the last quarter. ADE LLC lifted its holdings in Sprott Physical Gold Trust by 2.5% during the 2nd quarter. ADE LLC now owns 44,310 shares of the exchange traded fund’s stock worth $800,000 after buying an additional 1,100 shares during the last quarter. Graypoint LLC grew its position in shares of Sprott Physical Gold Trust by 6.8% in the 2nd quarter. Graypoint LLC now owns 17,522 shares of the exchange traded fund’s stock worth $316,000 after acquiring an additional 1,123 shares in the last quarter. Finally, Koshinski Asset Management Inc. increased its holdings in shares of Sprott Physical Gold Trust by 9.0% in the 1st quarter. Koshinski Asset Management Inc. now owns 16,975 shares of the exchange traded fund’s stock valued at $294,000 after acquiring an additional 1,405 shares during the last quarter.

Sprott Physical Gold Trust Price Performance

PHYS stock opened at $20.04 on Monday. The stock’s 50 day simple moving average is $19.08 and its 200 day simple moving average is $18.26. Sprott Physical Gold Trust has a 12-month low of $14.00 and a 12-month high of $20.05.

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.