Sprott Physical Gold Trust $PHYS Stock Purchased by KOM Wealth Management Group LLC

KOM Wealth Management Group LLC raised its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 36.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 203,176 shares of the exchange traded fund’s stock after purchasing an additional 53,968 shares during the period. Sprott Physical Gold Trust accounts for 3.2% of KOM Wealth Management Group LLC’s portfolio, making the stock its 9th largest holding. KOM Wealth Management Group LLC’s holdings in Sprott Physical Gold Trust were worth $6,353,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PHYS. TrustWell Financial Advisors LLC lifted its stake in shares of Sprott Physical Gold Trust by 1.6% in the third quarter. TrustWell Financial Advisors LLC now owns 330,436 shares of the exchange traded fund’s stock worth $10,333,000 after buying an additional 5,222 shares during the last quarter. Columbia Advisory Partners LLC boosted its holdings in shares of Sprott Physical Gold Trust by 19.8% during the 3rd quarter. Columbia Advisory Partners LLC now owns 43,414 shares of the exchange traded fund’s stock worth $1,358,000 after buying an additional 7,185 shares during the period. Walser Wealth Management Company A Ltd Liability Co boosted its holdings in shares of Sprott Physical Gold Trust by 7.4% during the 3rd quarter. Walser Wealth Management Company A Ltd Liability Co now owns 290,079 shares of the exchange traded fund’s stock worth $9,071,000 after buying an additional 19,956 shares during the period. AdvisorNet Financial Inc boosted its holdings in shares of Sprott Physical Gold Trust by 2.0% during the 3rd quarter. AdvisorNet Financial Inc now owns 32,128 shares of the exchange traded fund’s stock worth $995,000 after buying an additional 639 shares during the period. Finally, Community Financial Services Group LLC acquired a new position in Sprott Physical Gold Trust in the 3rd quarter valued at $192,000.

Sprott Physical Gold Trust Trading Up 1.8%

NYSEARCA:PHYS opened at $31.52 on Friday. Sprott Physical Gold Trust has a 1 year low of $29.30 and a 1 year high of $42.07. The firm’s fifty day simple moving average is $32.80 and its 200 day simple moving average is $33.03.

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.