Sprott Physical Gold Trust $PHYS Holdings Raised by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC raised its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 53.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 39,609 shares of the exchange traded fund’s stock after purchasing an additional 13,879 shares during the period. EverSource Wealth Advisors LLC’s holdings in Sprott Physical Gold Trust were worth $1,173,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of PHYS. Manchester Capital Management LLC acquired a new position in shares of Sprott Physical Gold Trust in the second quarter worth $25,000. MTM Investment Management LLC acquired a new stake in Sprott Physical Gold Trust during the second quarter valued at $30,000. Legacy Investment Solutions LLC purchased a new position in Sprott Physical Gold Trust in the second quarter valued at about $36,000. Parkside Financial Bank & Trust grew its stake in Sprott Physical Gold Trust by 36.4% in the second quarter. Parkside Financial Bank & Trust now owns 1,500 shares of the exchange traded fund’s stock valued at $38,000 after purchasing an additional 400 shares in the last quarter. Finally, Transce3nd LLC increased its position in Sprott Physical Gold Trust by 129.5% in the 2nd quarter. Transce3nd LLC now owns 1,515 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 855 shares during the last quarter.

Sprott Physical Gold Trust Stock Down 0.2%

PHYS opened at $39.31 on Thursday. Sprott Physical Gold Trust has a fifty-two week low of $21.96 and a fifty-two week high of $42.07. The business has a 50-day moving average of $36.19 and a 200-day moving average of $31.97.

About Sprott Physical Gold Trust

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.