Lee Danner & Bass Inc. Acquires New Stake in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Lee Danner & Bass Inc. acquired a new stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) in the fourth quarter, Holdings Channel reports. The firm acquired 4,400 shares of the exchange traded fund’s stock, valued at approximately $89,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Kiker Wealth Management LLC acquired a new stake in Sprott Physical Gold Trust during the 4th quarter worth about $641,000. Flagship Wealth Advisors LLC acquired a new stake in Sprott Physical Gold Trust during the 4th quarter worth about $76,000. Cozad Asset Management Inc. grew its holdings in Sprott Physical Gold Trust by 26.7% during the 4th quarter. Cozad Asset Management Inc. now owns 30,644 shares of the exchange traded fund’s stock worth $617,000 after acquiring an additional 6,449 shares during the period. Signaturefd LLC grew its holdings in Sprott Physical Gold Trust by 7.6% during the 4th quarter. Signaturefd LLC now owns 16,146 shares of the exchange traded fund’s stock worth $325,000 after acquiring an additional 1,146 shares during the period. Finally, Valued Retirements Inc. grew its holdings in Sprott Physical Gold Trust by 64.0% during the 4th quarter. Valued Retirements Inc. now owns 58,349 shares of the exchange traded fund’s stock worth $1,175,000 after acquiring an additional 22,768 shares during the period.

Sprott Physical Gold Trust Trading Down 0.8 %

Shares of Sprott Physical Gold Trust stock opened at $23.36 on Friday. The business has a 50-day moving average price of $22.19 and a two-hundred day moving average price of $21.04. Sprott Physical Gold Trust has a 1-year low of $16.86 and a 1-year high of $23.61.

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.