Money Concepts Capital Corp Has $9.79 Million Holdings in Sprott Physical Gold Trust $PHYS

Money Concepts Capital Corp boosted its holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 10.0% in the first quarter, Holdings Channel reports. The institutional investor owned 276,345 shares of the exchange traded fund’s stock after buying an additional 25,056 shares during the period. Money Concepts Capital Corp’s holdings in Sprott Physical Gold Trust were worth $9,794,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in PHYS. Beam Wealth Advisors Inc. grew its position in shares of Sprott Physical Gold Trust by 2.0% in the 1st quarter. Beam Wealth Advisors Inc. now owns 38,272 shares of the exchange traded fund’s stock valued at $1,356,000 after buying an additional 750 shares during the last quarter. Integrated Advisors Network LLC bought a new position in shares of Sprott Physical Gold Trust during the first quarter worth about $203,000. Collaborative Fund Advisors LLC bought a new position in shares of Sprott Physical Gold Trust during the first quarter worth about $1,735,000. Nvest Financial LLC lifted its stake in shares of Sprott Physical Gold Trust by 2.2% in the first quarter. Nvest Financial LLC now owns 24,240 shares of the exchange traded fund’s stock worth $859,000 after acquiring an additional 523 shares during the period. Finally, DGS Capital Management LLC acquired a new position in shares of Sprott Physical Gold Trust in the first quarter worth approximately $322,000.

Sprott Physical Gold Trust Trading Up 1.2%

Shares of PHYS stock opened at $31.08 on Friday. The business’s 50 day simple moving average is $32.94 and its 200 day simple moving average is $35.20. Sprott Physical Gold Trust has a one year low of $25.00 and a one year high of $42.07.

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. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.