ORG Wealth Partners LLC Has $1.47 Million Holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS)

ORG Wealth Partners LLC boosted its stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 5,735.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,690 shares of the exchange traded fund’s stock after purchasing an additional 59,650 shares during the quarter. ORG Wealth Partners LLC’s holdings in Sprott Physical Gold Trust were worth $1,465,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cushing Capital Partners LLC acquired a new position in Sprott Physical Gold Trust during the first quarter worth about $210,000. Insigneo Advisory Services LLC raised its stake in Sprott Physical Gold Trust by 16.4% during the first quarter. Insigneo Advisory Services LLC now owns 101,100 shares of the exchange traded fund’s stock worth $2,432,000 after acquiring an additional 14,250 shares in the last quarter. Sowell Financial Services LLC raised its stake in Sprott Physical Gold Trust by 24.3% during the first quarter. Sowell Financial Services LLC now owns 51,127 shares of the exchange traded fund’s stock worth $1,230,000 after acquiring an additional 9,985 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Sprott Physical Gold Trust by 131.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,172,384 shares of the exchange traded fund’s stock worth $28,208,000 after acquiring an additional 665,199 shares in the last quarter. Finally, Matauro LLC raised its stake 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 worth $51,513,000 after acquiring an additional 154,057 shares in the last quarter.

Sprott Physical Gold Trust Price Performance

Shares of NYSEARCA PHYS opened at $25.85 on Thursday. Sprott Physical Gold Trust has a 12 month low of $17.84 and a 12 month high of $26.42. The stock has a 50-day moving average price of $25.30 and a two-hundred day moving average price of $23.02.

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.