Oxbow Advisors LLC Boosts Stock Position in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Oxbow Advisors LLC boosted its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 15.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,008 shares of the exchange traded fund’s stock after purchasing an additional 3,080 shares during the quarter. Oxbow Advisors LLC’s holdings in Sprott Physical Gold Trust were worth $469,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of PHYS. Banque Cantonale Vaudoise purchased a new stake in shares of Sprott Physical Gold Trust during the 2nd quarter valued at about $36,000. Sunbelt Securities Inc. purchased a new stake in Sprott Physical Gold Trust during the second quarter valued at approximately $51,000. St. Johns Investment Management Company LLC bought a new stake in shares of Sprott Physical Gold Trust in the 3rd quarter valued at approximately $51,000. 1620 Investment Advisors Inc. bought a new stake in shares of Sprott Physical Gold Trust in the 2nd quarter valued at approximately $55,000. Finally, Evermay Wealth Management LLC boosted its holdings in shares of Sprott Physical Gold Trust by 567.7% in the 1st quarter. Evermay Wealth Management LLC now owns 3,906 shares of the exchange traded fund’s stock worth $68,000 after purchasing an additional 3,321 shares during the period.

Sprott Physical Gold Trust Stock Performance

Shares of NYSEARCA PHYS traded down $0.16 during trading hours on Friday, hitting $20.74. 2,167,922 shares of the company traded hands, compared to its average volume of 2,081,167. The company’s 50 day moving average price is $20.53 and its 200 day moving average price is $19.20. Sprott Physical Gold Trust has a 12 month low of $15.09 and a 12 month high of $21.70.

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.