Seros Financial LLC Acquires New Stake in Sprott Physical Gold Trust $PHYS

Seros Financial LLC acquired a new stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 70,025 shares of the exchange traded fund’s stock, valued at approximately $2,190,000. Sprott Physical Gold Trust comprises 1.1% of Seros Financial LLC’s investment portfolio, making the stock its 16th largest position.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Evanson Financial LLC purchased a new stake in Sprott Physical Gold Trust in the second quarter worth $108,576,000. IMC Chicago LLC raised its stake in shares of Sprott Physical Gold Trust by 494.3% in the first quarter. IMC Chicago LLC now owns 2,449,218 shares of the exchange traded fund’s stock valued at $86,800,000 after buying an additional 2,037,133 shares during the period. Cetera Investment Advisers raised its stake in shares of Sprott Physical Gold Trust by 5.6% in the first quarter. Cetera Investment Advisers now owns 1,726,789 shares of the exchange traded fund’s stock valued at $61,197,000 after buying an additional 91,695 shares during the period. WIT Partners Advisory Pte. Ltd. lifted its position in shares of Sprott Physical Gold Trust by 48.9% during the 2nd quarter. WIT Partners Advisory Pte. Ltd. now owns 1,401,170 shares of the exchange traded fund’s stock valued at $42,273,000 after buying an additional 459,950 shares during the last quarter. Finally, Kestra Advisory Services LLC lifted its position in shares of Sprott Physical Gold Trust by 39.7% during the 1st quarter. Kestra Advisory Services LLC now owns 1,347,193 shares of the exchange traded fund’s stock valued at $47,745,000 after buying an additional 382,603 shares during the last quarter.

Sprott Physical Gold Trust Stock Performance

Shares of Sprott Physical Gold Trust stock opened at $30.39 on Friday. Sprott Physical Gold Trust has a 52-week low of $29.30 and a 52-week high of $42.07. The stock’s 50-day simple moving average is $32.60 and its 200 day simple moving average is $32.88.

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