WIT Partners Advisory Pte. Ltd. Has $42.27 Million Stock Position in Sprott Physical Gold Trust $PHYS

WIT Partners Advisory Pte. Ltd. increased its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 48.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,401,170 shares of the exchange traded fund’s stock after acquiring an additional 459,950 shares during the quarter. Sprott Physical Gold Trust makes up approximately 19.8% of WIT Partners Advisory Pte. Ltd.’s holdings, making the stock its 2nd biggest holding. WIT Partners Advisory Pte. Ltd.’s holdings in Sprott Physical Gold Trust were worth $42,273,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of PHYS. AQR Capital Management LLC acquired a new position in Sprott Physical Gold Trust in the first quarter valued at approximately $260,000. Focus Partners Wealth acquired a new stake in shares of Sprott Physical Gold Trust during the 1st quarter worth approximately $200,000. Cerity Partners LLC raised its position in shares of Sprott Physical Gold Trust by 14.0% during the 2nd quarter. Cerity Partners LLC now owns 77,964 shares of the exchange traded fund’s stock worth $1,976,000 after purchasing an additional 9,585 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of Sprott Physical Gold Trust by 43.6% in the 2nd quarter. NewEdge Advisors LLC now owns 91,329 shares of the exchange traded fund’s stock worth $2,315,000 after purchasing an additional 27,724 shares during the last quarter. Finally, Darwin Wealth Management LLC bought a new stake in shares of Sprott Physical Gold Trust in the 2nd quarter worth approximately $489,000.

Sprott Physical Gold Trust Stock Performance

NYSEARCA:PHYS opened at $35.00 on Friday. Sprott Physical Gold Trust has a 12-month low of $25.55 and a 12-month high of $42.07. The business has a 50 day simple moving average of $31.52 and a 200 day simple moving average of $34.40.

Sprott Physical Gold Trust Company 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.