Park Avenue Securities LLC Acquires 49,727 Shares of Sprott Physical Gold Trust (NYSEARCA:PHYS)

Park Avenue Securities LLC raised its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 453.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 60,701 shares of the exchange traded fund’s stock after acquiring an additional 49,727 shares during the quarter. Park Avenue Securities LLC’s holdings in Sprott Physical Gold Trust were worth $1,223,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Legacy Investment Solutions LLC purchased a new stake in shares of Sprott Physical Gold Trust during the 3rd quarter worth $28,000. Sunbelt Securities Inc. bought a new position in Sprott Physical Gold Trust in the second quarter worth about $51,000. St. Johns Investment Management Company LLC bought a new position in Sprott Physical Gold Trust in the third quarter worth about $51,000. Missouri Trust & Investment Co lifted its position 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 valued at $53,000 after buying an additional 1,609 shares during the last quarter. Finally, First Horizon Advisors Inc. bought a new stake in shares of Sprott Physical Gold Trust in the 3rd quarter valued at about $54,000.

Sprott Physical Gold Trust Trading Down 0.4 %

NYSEARCA PHYS opened at $20.87 on Monday. The company has a 50 day moving average price of $20.32 and a 200 day moving average price of $19.98. Sprott Physical Gold Trust has a 52 week low of $15.31 and a 52 week high of $21.70.

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.