Sprott Physical Gold Trust $PHYS Shares Acquired by Compound Planning Inc.

Compound Planning Inc. boosted its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 91.2% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 44,841 shares of the exchange traded fund’s stock after acquiring an additional 21,391 shares during the period. Compound Planning Inc.’s holdings in Sprott Physical Gold Trust were worth $1,589,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Modern Wealth Management LLC purchased a new stake in Sprott Physical Gold Trust during the 1st quarter worth approximately $211,000. Cetera Investment Advisers lifted its position in shares of Sprott Physical Gold Trust by 5.6% in the first quarter. Cetera Investment Advisers now owns 1,726,789 shares of the exchange traded fund’s stock valued at $61,197,000 after acquiring an additional 91,695 shares in the last quarter. Wealthspire Retirement LLC lifted its position in shares of Sprott Physical Gold Trust by 7.1% in the first quarter. Wealthspire Retirement LLC now owns 7,034 shares of the exchange traded fund’s stock valued at $249,000 after acquiring an additional 464 shares in the last quarter. Barometer Capital Management Inc. purchased a new position in shares of Sprott Physical Gold Trust in the first quarter valued at approximately $673,000. Finally, Scarborough Advisors LLC boosted its stake in shares of Sprott Physical Gold Trust by 2,202.0% in the first quarter. Scarborough Advisors LLC now owns 1,151 shares of the exchange traded fund’s stock worth $41,000 after acquiring an additional 1,101 shares during the last quarter.

Sprott Physical Gold Trust Trading Up 0.1%

Shares of PHYS opened at $30.64 on Friday. Sprott Physical Gold Trust has a one year low of $25.00 and a one year high of $42.07. The stock has a 50 day moving average price of $31.92 and a 200 day moving average price of $34.94.

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.