Clearstead Advisors LLC Acquires 20,394 Shares of Sprott Physical Gold Trust $PHYS

Clearstead Advisors LLC grew its holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 15.7% during the 4th quarter, Holdings Channel reports. The fund owned 149,897 shares of the exchange traded fund’s stock after buying an additional 20,394 shares during the period. Clearstead Advisors LLC’s holdings in Sprott Physical Gold Trust were worth $4,950,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in PHYS. AQR Capital Management LLC bought a new position in Sprott Physical Gold Trust in the first quarter worth approximately $260,000. Focus Partners Wealth bought a new stake in shares of Sprott Physical Gold Trust during the 1st quarter valued at $200,000. Cerity Partners LLC raised its position in shares of Sprott Physical Gold Trust by 14.0% during the 2nd quarter. Cerity Partners LLC now owns 77,964 shares of the exchange traded fund’s stock valued at $1,976,000 after purchasing an additional 9,585 shares during the period. NewEdge Advisors LLC raised its position in shares of Sprott Physical Gold Trust by 43.6% during the 2nd quarter. NewEdge Advisors LLC now owns 91,329 shares of the exchange traded fund’s stock valued at $2,315,000 after purchasing an additional 27,724 shares during the period. Finally, Darwin Wealth Management LLC bought a new stake in shares of Sprott Physical Gold Trust during the 2nd quarter valued at $489,000.

Sprott Physical Gold Trust Stock Performance

Shares of PHYS stock opened at $34.11 on Tuesday. Sprott Physical Gold Trust has a one year low of $24.86 and a one year high of $42.07. The company’s fifty day moving average price is $35.34 and its 200-day moving average price is $35.17.

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.