Straight Path Wealth Management Grows Position in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Straight Path Wealth Management raised its position in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 4.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 36,450 shares of the exchange traded fund’s stock after purchasing an additional 1,500 shares during the period. Straight Path Wealth Management’s holdings in Sprott Physical Gold Trust were worth $734,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Legacy Investment Solutions LLC purchased a new position in shares of Sprott Physical Gold Trust during the third quarter worth about $28,000. Jones Financial Companies Lllp purchased a new position in shares of Sprott Physical Gold Trust in the 4th quarter valued at approximately $39,000. Smartleaf Asset Management LLC acquired a new position in shares of Sprott Physical Gold Trust in the fourth quarter valued at approximately $40,000. Smithfield Trust Co purchased a new stake in shares of Sprott Physical Gold Trust during the fourth quarter worth approximately $50,000. Finally, Missouri Trust & Investment Co lifted its holdings in shares of Sprott Physical Gold Trust by 160.9% during the third quarter. Missouri Trust & Investment Co now owns 2,609 shares of the exchange traded fund’s stock worth $53,000 after purchasing an additional 1,609 shares during the period.

Sprott Physical Gold Trust Trading Up 0.5 %

NYSEARCA:PHYS opened at $22.74 on Thursday. Sprott Physical Gold Trust has a 1-year low of $16.57 and a 1-year high of $22.91. The firm’s fifty day moving average price is $21.48 and its 200 day moving average price is $20.73.

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.