Ascentis Independent Advisors Buys New Shares in Sprott Physical Gold Trust $PHYS

Ascentis Independent Advisors purchased a new position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) in the 1st quarter, Holdings Channel reports. The firm purchased 141,489 shares of the exchange traded fund’s stock, valued at approximately $5,014,000.

A number of other large investors also recently bought and sold shares of PHYS. AQR Capital Management LLC purchased a new stake in shares of Sprott Physical Gold Trust during the 1st quarter valued at $260,000. Focus Partners Wealth purchased a new position in shares of Sprott Physical Gold Trust in the 1st quarter worth about $200,000. Cerity Partners LLC lifted its stake in shares of Sprott Physical Gold Trust by 14.0% in 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 in the last quarter. NewEdge Advisors LLC grew its stake in Sprott Physical Gold Trust by 43.6% during the second quarter. NewEdge Advisors LLC now owns 91,329 shares of the exchange traded fund’s stock worth $2,315,000 after buying an additional 27,724 shares during the period. Finally, Darwin Wealth Management LLC purchased a new stake in Sprott Physical Gold Trust during the 2nd quarter worth $489,000.

Sprott Physical Gold Trust Stock Performance

PHYS stock opened at $31.08 on Monday. Sprott Physical Gold Trust has a 1 year low of $25.00 and a 1 year high of $42.07. The stock has a 50-day simple moving average of $33.29 and a 200-day simple moving average of $35.25.

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.