Dakota Wealth Management Has $4.36 Million Position in Sprott Physical Gold Trust $PHYS

Dakota Wealth Management lifted its stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 21.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 147,217 shares of the exchange traded fund’s stock after buying an additional 26,060 shares during the period. Dakota Wealth Management’s holdings in Sprott Physical Gold Trust were worth $4,361,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PHYS. Manchester Capital Management LLC bought a new stake in shares of Sprott Physical Gold Trust in the 2nd quarter worth approximately $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 bought a new stake in shares of Sprott Physical Gold Trust during the second quarter valued at approximately $36,000. Parkside Financial Bank & Trust raised its stake in shares of 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 lifted its position in Sprott Physical Gold Trust by 129.5% in the second 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 period.

Sprott Physical Gold Trust Price Performance

Shares of Sprott Physical Gold Trust stock opened at $39.37 on Wednesday. Sprott Physical Gold Trust has a 52-week low of $21.96 and a 52-week high of $42.07. The company’s fifty day moving average price is $36.07 and its two-hundred day moving average price is $31.92.

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.