DAVENPORT & Co LLC Has $2.99 Million Stock Position in Sprott Physical Gold Trust $PHYS

DAVENPORT & Co LLC lifted its position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 25.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 117,735 shares of the exchange traded fund’s stock after purchasing an additional 24,051 shares during the quarter. DAVENPORT & Co LLC’s holdings in Sprott Physical Gold Trust were worth $2,985,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Sequoia Financial Advisors LLC grew its holdings in shares of Sprott Physical Gold Trust by 4.2% during the 1st quarter. Sequoia Financial Advisors LLC now owns 13,259 shares of the exchange traded fund’s stock worth $319,000 after purchasing an additional 535 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of Sprott Physical Gold Trust during the 1st quarter worth approximately $273,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Sprott Physical Gold Trust by 131.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,172,384 shares of the exchange traded fund’s stock worth $28,208,000 after purchasing an additional 665,199 shares in the last quarter. NBC Securities Inc. grew its holdings in shares of Sprott Physical Gold Trust by 111,150.0% during the 1st quarter. NBC Securities Inc. now owns 2,225 shares of the exchange traded fund’s stock worth $53,000 after purchasing an additional 2,223 shares in the last quarter. Finally, IFP Advisors Inc grew its holdings in shares of Sprott Physical Gold Trust by 40.4% during the 1st quarter. IFP Advisors Inc now owns 37,759 shares of the exchange traded fund’s stock worth $908,000 after purchasing an additional 10,872 shares in the last quarter.

Sprott Physical Gold Trust Price Performance

Shares of NYSEARCA:PHYS opened at $30.99 on Thursday. Sprott Physical Gold Trust has a 1-year low of $19.63 and a 1-year high of $31.06. The business’s 50 day moving average is $27.38 and its 200-day moving average is $25.90.

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.