Cypress Wealth Services LLC Raises Stake in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Cypress Wealth Services LLC lifted its position in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 4.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 42,902 shares of the exchange traded fund’s stock after purchasing an additional 1,818 shares during the quarter. Cypress Wealth Services LLC’s holdings in Sprott Physical Gold Trust were worth $864,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Straight Path Wealth Management raised its stake in Sprott Physical Gold Trust by 1.5% during the 3rd quarter. Straight Path Wealth Management now owns 34,950 shares of the exchange traded fund’s stock valued at $712,000 after purchasing an additional 500 shares during the period. Islay Capital Management LLC grew its holdings in Sprott Physical Gold Trust by 1.4% during the 3rd quarter. Islay Capital Management LLC now owns 41,161 shares of the exchange traded fund’s stock valued at $839,000 after buying an additional 550 shares in the last quarter. Concourse Financial Group Securities Inc. raised its position in shares of Sprott Physical Gold Trust by 9.8% during the third quarter. Concourse Financial Group Securities Inc. now owns 6,893 shares of the exchange traded fund’s stock valued at $140,000 after buying an additional 615 shares during the last quarter. Tompkins Financial Corp boosted its position in shares of Sprott Physical Gold Trust by 1.6% during the third quarter. Tompkins Financial Corp now owns 43,700 shares of the exchange traded fund’s stock worth $891,000 after acquiring an additional 700 shares during the last quarter. Finally, BSW Wealth Partners boosted its position in shares of Sprott Physical Gold Trust by 3.1% during the third quarter. BSW Wealth Partners now owns 23,327 shares of the exchange traded fund’s stock worth $475,000 after acquiring an additional 703 shares during the last quarter.

Sprott Physical Gold Trust Trading Up 0.8 %

Shares of NYSEARCA PHYS opened at $20.96 on Friday. Sprott Physical Gold Trust has a 52-week low of $15.31 and a 52-week high of $21.70. The firm’s fifty day moving average is $20.32 and its two-hundred day moving average is $19.94.

About Sprott Physical Gold Trust

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.