Asset Allocation Strategies LLC acquired a new position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS – Free Report) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 17,875 shares of the exchange traded fund’s stock, valued at approximately $529,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ameriflex Group Inc. lifted its position in shares of Sprott Physical Gold Trust by 66.7% during the 2nd quarter. Ameriflex Group Inc. now owns 1,000 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 400 shares during the period. Manchester Capital Management LLC bought a new position in Sprott Physical Gold Trust in the 2nd quarter valued at $25,000. Tradewinds Capital Management LLC lifted its position in Sprott Physical Gold Trust by 59.8% during the 2nd quarter. Tradewinds Capital Management LLC now owns 1,088 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 407 shares in the last quarter. MTM Investment Management LLC acquired a new position in shares of Sprott Physical Gold Trust during the second quarter worth approximately $30,000. Finally, Hilltop National Bank bought a new position in Sprott Physical Gold Trust in the 2nd quarter valued at $32,000.
Sprott Physical Gold Trust Stock Up 0.9%
Shares of NYSEARCA PHYS opened at $33.20 on Thursday. The firm’s 50-day moving average is $31.47 and its 200-day moving average is $28.28. Sprott Physical Gold Trust has a 1 year low of $19.89 and a 1 year high of $33.31.
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.
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Want to see what other hedge funds are holding PHYS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sprott Physical Gold Trust (NYSEARCA:PHYS – Free Report).
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