Beacon Financial Advisory LLC Buys New Shares in Sprott Physical Gold Trust $PHYS

Beacon Financial Advisory LLC acquired a new position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 8,398 shares of the exchange traded fund’s stock, valued at approximately $213,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Royal Bank of Canada raised its stake in Sprott Physical Gold Trust by 18.3% in the 1st quarter. Royal Bank of Canada now owns 7,917,978 shares of the exchange traded fund’s stock valued at $190,507,000 after acquiring an additional 1,225,695 shares during the period. Pekin Hardy Strauss Inc. boosted its position in shares of Sprott Physical Gold Trust by 0.7% during the 1st quarter. Pekin Hardy Strauss Inc. now owns 4,226,558 shares of the exchange traded fund’s stock worth $101,691,000 after acquiring an additional 29,770 shares in the last quarter. IMC Chicago LLC increased its stake in Sprott Physical Gold Trust by 2,849.6% in the second quarter. IMC Chicago LLC now owns 3,204,243 shares of the exchange traded fund’s stock valued at $81,228,000 after acquiring an additional 3,095,611 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in Sprott Physical Gold Trust by 2.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,367,177 shares of the exchange traded fund’s stock valued at $56,954,000 after purchasing an additional 66,054 shares in the last quarter. Finally, Matauro LLC raised its position in Sprott Physical Gold Trust by 7.8% during the first quarter. Matauro LLC now owns 2,141,018 shares of the exchange traded fund’s stock valued at $51,513,000 after purchasing an additional 154,057 shares in the last quarter.

Sprott Physical Gold Trust Stock Up 1.4%

Shares of PHYS stock opened at $30.28 on Tuesday. Sprott Physical Gold Trust has a fifty-two week low of $19.63 and a fifty-two week high of $30.34. The stock’s fifty day moving average price is $27.16 and its two-hundred day moving average price is $25.83.

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.