VanWeelden Wealth Management LLC Takes $953,000 Position in Sprott Physical Gold Trust (NYSEARCA:PHYS)

VanWeelden Wealth Management LLC purchased a new stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 47,305 shares of the exchange traded fund’s stock, valued at approximately $953,000. Sprott Physical Gold Trust accounts for about 0.9% of VanWeelden Wealth Management LLC’s holdings, making the stock its 13th biggest holding.

Other hedge funds have also modified their holdings of the company. Raymond James Financial Inc. purchased a new position in Sprott Physical Gold Trust in the 4th quarter valued at approximately $44,631,000. Matauro LLC purchased a new position in Sprott Physical Gold Trust in the 4th quarter valued at approximately $40,017,000. IMC Chicago LLC increased its stake in Sprott Physical Gold Trust by 5,078.7% in the 4th quarter. IMC Chicago LLC now owns 2,025,763 shares of the exchange traded fund’s stock valued at $40,799,000 after purchasing an additional 1,986,646 shares in the last quarter. Proficio Capital Partners LLC increased its stake in Sprott Physical Gold Trust by 1,536.2% in the 4th quarter. Proficio Capital Partners LLC now owns 746,124 shares of the exchange traded fund’s stock valued at $15,027,000 after purchasing an additional 700,524 shares in the last quarter. Finally, 3EDGE Asset Management LP purchased a new position in Sprott Physical Gold Trust in the 4th quarter valued at approximately $9,566,000.

Sprott Physical Gold Trust Stock Up 0.6 %

NYSEARCA PHYS opened at $22.78 on Thursday. Sprott Physical Gold Trust has a 1-year low of $16.66 and a 1-year high of $22.91. The business has a 50 day moving average price of $21.79 and a 200 day moving average price of $20.86.

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.