Sprott Physical Gold Trust $PHYS Shares Bought by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC boosted its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 4.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 696,431 shares of the exchange traded fund’s stock after purchasing an additional 28,702 shares during the period. Sprott Physical Gold Trust makes up about 1.2% of Cyndeo Wealth Partners LLC’s portfolio, making the stock its 14th biggest position. Cyndeo Wealth Partners LLC’s holdings in Sprott Physical Gold Trust were worth $22,996,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Manchester Capital Management LLC purchased a new position in shares of Sprott Physical Gold Trust in the second quarter worth $25,000. Transce3nd LLC lifted its stake in shares of Sprott Physical Gold Trust by 129.5% during the second quarter. Transce3nd LLC now owns 1,515 shares of the exchange traded fund’s stock worth $38,000 after buying an additional 855 shares during the period. Strategic Advocates LLC purchased a new stake in shares of Sprott Physical Gold Trust during the third quarter valued at $51,000. Franklin Resources Inc. acquired a new position in shares of Sprott Physical Gold Trust in the 3rd quarter valued at $74,000. Finally, Smartleaf Asset Management LLC increased its position in shares of Sprott Physical Gold Trust by 80.1% in the 2nd quarter. Smartleaf Asset Management LLC now owns 3,937 shares of the exchange traded fund’s stock valued at $98,000 after acquiring an additional 1,751 shares during the period.

Sprott Physical Gold Trust Stock Performance

Shares of PHYS stock opened at $33.85 on Friday. The business has a fifty day moving average of $37.76 and a 200 day moving average of $33.45. Sprott Physical Gold Trust has a 1 year low of $22.72 and a 1 year high of $42.07.

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. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.