Parallel Advisors LLC Acquires 218,753 Shares of Sprott Physical Gold Trust $PHYS

Parallel Advisors LLC increased its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 2,716.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 226,806 shares of the exchange traded fund’s stock after purchasing an additional 218,753 shares during the period. Parallel Advisors LLC’s holdings in Sprott Physical Gold Trust were worth $7,092,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC grew its stake in shares of Sprott Physical Gold Trust by 26.8% in the third quarter. Ashton Thomas Private Wealth LLC now owns 28,344 shares of the exchange traded fund’s stock valued at $886,000 after buying an additional 5,987 shares in the last quarter. Asset One Wealth Management LLC raised its holdings in shares of Sprott Physical Gold Trust by 2.8% during the 3rd quarter. Asset One Wealth Management LLC now owns 411,442 shares of the exchange traded fund’s stock valued at $12,866,000 after buying an additional 11,143 shares during the period. International Assets Investment Management LLC lifted its position in Sprott Physical Gold Trust by 6.0% during the 3rd quarter. International Assets Investment Management LLC now owns 10,300 shares of the exchange traded fund’s stock worth $324,000 after acquiring an additional 584 shares in the last quarter. Pekin Hardy Strauss Inc. acquired a new position in Sprott Physical Gold Trust during the 3rd quarter worth approximately $138,180,000. Finally, Kestra Advisory Services LLC lifted its position in Sprott Physical Gold Trust by 6.4% during the 3rd quarter. Kestra Advisory Services LLC now owns 2,107,253 shares of the exchange traded fund’s stock worth $65,894,000 after acquiring an additional 126,300 shares in the last quarter.

Sprott Physical Gold Trust Stock Performance

NYSEARCA PHYS opened at $30.72 on Friday. Sprott Physical Gold Trust has a fifty-two week low of $29.27 and a fifty-two week high of $42.07. The business has a 50 day moving average price of $31.72 and a two-hundred day moving average price of $33.92.

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.