Clientfirst Wealth Management LLC Acquires Shares of 10,000 Sprott Physical Gold Trust (NYSEARCA:PHYS)

Clientfirst Wealth Management LLC bought a new position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 10,000 shares of the exchange traded fund’s stock, valued at approximately $201,000.

Other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC grew its holdings in Sprott Physical Gold Trust by 2,471.9% during the 3rd quarter. International Assets Investment Management LLC now owns 2,859,518 shares of the exchange traded fund’s stock worth $58,277,000 after acquiring an additional 2,748,335 shares in the last quarter. IMC Chicago LLC grew its stake in Sprott Physical Gold Trust by 5,078.7% in the fourth quarter. IMC Chicago LLC now owns 2,025,763 shares of the exchange traded fund’s stock worth $40,799,000 after purchasing an additional 1,986,646 shares in the last quarter. Raymond James & Associates increased its holdings in Sprott Physical Gold Trust by 73.3% in the third quarter. Raymond James & Associates now owns 1,602,282 shares of the exchange traded fund’s stock valued at $32,655,000 after buying an additional 677,623 shares during the last quarter. Captrust Financial Advisors raised its position in shares of Sprott Physical Gold Trust by 13.9% during the 3rd quarter. Captrust Financial Advisors now owns 2,277,485 shares of the exchange traded fund’s stock valued at $46,415,000 after acquiring an additional 277,117 shares in the last quarter. Finally, Kera Capital Partners Inc. acquired a new stake in shares of Sprott Physical Gold Trust during the fourth quarter worth $4,512,000.

Sprott Physical Gold Trust Price Performance

Shares of NYSEARCA PHYS opened at $22.16 on Friday. The firm’s 50-day moving average price is $20.74 and its two-hundred day moving average price is $20.27. Sprott Physical Gold Trust has a 52-week low of $15.31 and a 52-week high of $22.37.

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.