Money Concepts Capital Corp Buys New Position in Sprott Physical Gold Trust $PHYS

Money Concepts Capital Corp bought a new stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 305,879 shares of the exchange traded fund’s stock, valued at approximately $9,565,000. Money Concepts Capital Corp owned approximately 0.06% of Sprott Physical Gold Trust at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PHYS. Tidal Investments LLC raised its position in shares of Sprott Physical Gold Trust by 70.5% during the 2nd quarter. Tidal Investments LLC now owns 774,770 shares of the exchange traded fund’s stock worth $23,375,000 after purchasing an additional 320,296 shares during the last quarter. Citadel Advisors LLC purchased a new position in Sprott Physical Gold Trust in the 2nd quarter valued at about $592,000. Founders Financial Securities LLC acquired a new stake in Sprott Physical Gold Trust in the 3rd quarter worth about $538,000. Highland Investment Advisors LLC acquired a new stake in Sprott Physical Gold Trust in the 2nd quarter worth about $660,000. Finally, Compass Financial Management LLC purchased a new stake in Sprott Physical Gold Trust during the 2nd quarter worth approximately $1,161,000.

Sprott Physical Gold Trust Trading Down 2.7%

NYSEARCA:PHYS opened at $29.29 on Friday. The stock has a 50 day moving average of $31.47 and a two-hundred day moving average of $33.77. Sprott Physical Gold Trust has a 12 month low of $29.11 and a 12 month 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.