Connective Portfolio Management LLC Raises Stake in Sprott Physical Gold Trust $PHYS

Connective Portfolio Management LLC raised its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 30.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 85,000 shares of the exchange traded fund’s stock after purchasing an additional 20,000 shares during the period. Sprott Physical Gold Trust accounts for about 5.1% of Connective Portfolio Management LLC’s portfolio, making the stock its 5th largest position. Connective Portfolio Management LLC’s holdings in Sprott Physical Gold Trust were worth $2,807,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Manchester Capital Management LLC bought a new position in shares of Sprott Physical Gold Trust during the second quarter valued at approximately $25,000. Transce3nd LLC raised its stake 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 buying an additional 855 shares in the last quarter. Strategic Advocates LLC bought a new position in Sprott Physical Gold Trust in the third quarter worth approximately $51,000. Franklin Resources Inc. purchased a new stake in Sprott Physical Gold Trust during the third quarter worth $74,000. Finally, Smartleaf Asset Management LLC lifted its holdings in Sprott Physical Gold Trust by 80.1% during the second quarter. Smartleaf Asset Management LLC now owns 3,937 shares of the exchange traded fund’s stock worth $98,000 after buying an additional 1,751 shares during the period.

Sprott Physical Gold Trust Stock Up 3.2%

Shares of NYSEARCA PHYS opened at $34.29 on Thursday. Sprott Physical Gold Trust has a 12-month low of $22.72 and a 12-month high of $42.07. The stock’s fifty day simple moving average is $37.67 and its two-hundred day simple moving average is $33.58.

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.