Beam Wealth Advisors Inc. Purchases 1,582 Shares of Sprott Physical Gold Trust (NYSEARCA:PHYS)

Beam Wealth Advisors Inc. raised its position in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 8.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 21,028 shares of the exchange traded fund’s stock after acquiring an additional 1,582 shares during the period. Beam Wealth Advisors Inc.’s holdings in Sprott Physical Gold Trust were worth $424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in PHYS. Legacy Investment Solutions LLC bought a new stake in shares of Sprott Physical Gold Trust in the third quarter valued at $28,000. Jones Financial Companies Lllp purchased a new position in shares of Sprott Physical Gold Trust in the fourth quarter valued at $39,000. Smartleaf Asset Management LLC purchased a new position in shares of Sprott Physical Gold Trust in the fourth quarter valued at $40,000. Smithfield Trust Co purchased a new position in shares of Sprott Physical Gold Trust in the fourth quarter valued at $50,000. Finally, Missouri Trust & Investment Co grew its position in shares of Sprott Physical Gold Trust by 160.9% in the third quarter. Missouri Trust & Investment Co now owns 2,609 shares of the exchange traded fund’s stock valued at $53,000 after purchasing an additional 1,609 shares in the last quarter.

Sprott Physical Gold Trust Trading Down 0.4 %

Shares of NYSEARCA PHYS opened at $22.66 on Friday. Sprott Physical Gold Trust has a fifty-two week low of $16.66 and a fifty-two week high of $22.91. The stock has a fifty day moving average of $21.53 and a 200-day moving average of $20.75.

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.