Cobblestone Asset Management LLC Has $368,000 Holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Cobblestone Asset Management LLC lifted its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 4.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 18,274 shares of the exchange traded fund’s stock after buying an additional 839 shares during the period. Cobblestone Asset Management LLC’s holdings in Sprott Physical Gold Trust were worth $368,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PHYS. International Assets Investment Management LLC raised its holdings in shares of Sprott Physical Gold Trust by 2,471.9% in the 3rd quarter. International Assets Investment Management LLC now owns 2,859,518 shares of the exchange traded fund’s stock worth $58,277,000 after acquiring an additional 2,748,335 shares during the last quarter. Raymond James & Associates boosted its position in Sprott Physical Gold Trust by 73.3% in the third quarter. Raymond James & Associates now owns 1,602,282 shares of the exchange traded fund’s stock worth $32,655,000 after purchasing an additional 677,623 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in Sprott Physical Gold Trust in the second quarter worth $9,884,000. Captrust Financial Advisors grew its stake in Sprott Physical Gold Trust by 13.9% in the 3rd quarter. Captrust Financial Advisors now owns 2,277,485 shares of the exchange traded fund’s stock valued at $46,415,000 after purchasing an additional 277,117 shares during the period. Finally, Kera Capital Partners Inc. purchased a new stake in shares of Sprott Physical Gold Trust during the 4th quarter valued at $4,512,000.

Sprott Physical Gold Trust Stock Performance

PHYS opened at $21.42 on Monday. Sprott Physical Gold Trust has a fifty-two week low of $15.31 and a fifty-two week high of $21.70. The firm has a 50-day moving average of $20.46 and a 200 day moving average of $20.08.

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.