Sprott Physical Gold Trust (NYSEARCA:PHYS) Stake Lifted by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC raised its stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 11.9% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 91,682 shares of the exchange traded fund’s stock after buying an additional 9,720 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in Sprott Physical Gold Trust were worth $1,868,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. BSW Wealth Partners lifted its position in Sprott Physical Gold Trust by 3.1% in the 3rd quarter. BSW Wealth Partners now owns 23,327 shares of the exchange traded fund’s stock valued at $475,000 after purchasing an additional 703 shares during the last quarter. Princeton Global Asset Management LLC boosted its position in shares of Sprott Physical Gold Trust by 11.2% during the third quarter. Princeton Global Asset Management LLC now owns 12,900 shares of the exchange traded fund’s stock worth $263,000 after buying an additional 1,300 shares during the period. Arlington Trust Co LLC bought a new position in Sprott Physical Gold Trust in the 3rd quarter worth approximately $106,000. Farther Finance Advisors LLC increased its position in Sprott Physical Gold Trust by 9.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 32,035 shares of the exchange traded fund’s stock valued at $653,000 after acquiring an additional 2,883 shares during the period. Finally, Nadler Financial Group Inc. raised its stake in Sprott Physical Gold Trust by 48.7% during the 3rd quarter. Nadler Financial Group Inc. now owns 30,005 shares of the exchange traded fund’s stock valued at $612,000 after acquiring an additional 9,830 shares in the last quarter.

Sprott Physical Gold Trust Price Performance

NYSEARCA:PHYS opened at $21.31 on Wednesday. Sprott Physical Gold Trust has a 1 year low of $15.09 and a 1 year high of $21.70. The business has a fifty day moving average of $20.45 and a 200-day moving average of $19.16.

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.