One Capital Management LLC Acquires Shares of 21,500 Sprott Physical Gold Trust $PHYS

One Capital Management LLC acquired a new stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 21,500 shares of the exchange traded fund’s stock, valued at approximately $710,000.

Other hedge funds also recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC purchased a new stake in Sprott Physical Gold Trust during the fourth quarter valued at about $33,000. Financial Management Professionals Inc. purchased a new stake in Sprott Physical Gold Trust in the 4th quarter worth about $36,000. Eastern Bank purchased a new stake in Sprott Physical Gold Trust in the 4th quarter worth about $47,000. Strategic Advocates LLC acquired a new stake in Sprott Physical Gold Trust during the 3rd quarter worth about $51,000. Finally, Legacy Wealth Managment LLC ID boosted its position in Sprott Physical Gold Trust by 49.3% during the 4th quarter. Legacy Wealth Managment LLC ID now owns 2,162 shares of the exchange traded fund’s stock worth $71,000 after acquiring an additional 714 shares during the period.

Sprott Physical Gold Trust Stock Up 0.7%

NYSEARCA:PHYS opened at $33.81 on Friday. Sprott Physical Gold Trust has a fifty-two week low of $24.86 and a fifty-two week high of $42.07. The stock’s 50-day moving average is $35.05 and its two-hundred day moving average is $35.33.

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