Sprott Physical Gold Trust $PHYS Shares Bought by HighTower Advisors LLC

HighTower Advisors LLC lifted its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 9.0% during the third quarter, Holdings Channel reports. The firm owned 1,058,006 shares of the exchange traded fund’s stock after buying an additional 86,944 shares during the period. HighTower Advisors LLC’s holdings in Sprott Physical Gold Trust were worth $31,338,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Manchester Capital Management LLC bought a new stake in Sprott Physical Gold Trust in the second quarter valued at $25,000. MTM Investment Management LLC bought a new stake in shares of Sprott Physical Gold Trust during the second quarter valued at approximately $30,000. Legacy Investment Solutions LLC acquired a new stake in Sprott Physical Gold Trust in the 2nd quarter valued at approximately $36,000. Parkside Financial Bank & Trust raised its stake in Sprott Physical Gold Trust by 36.4% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,500 shares of the exchange traded fund’s stock valued at $38,000 after acquiring an additional 400 shares in the last quarter. Finally, Transce3nd LLC boosted its position in Sprott Physical Gold Trust by 129.5% during the 2nd quarter. Transce3nd LLC now owns 1,515 shares of the exchange traded fund’s stock worth $38,000 after acquiring an additional 855 shares during the period.

Sprott Physical Gold Trust Price Performance

NYSEARCA:PHYS opened at $37.59 on Thursday. Sprott Physical Gold Trust has a 1 year low of $21.96 and a 1 year high of $42.07. The business has a fifty day moving average of $35.58 and a 200-day moving average of $31.51.

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.