Sprott Physical Gold Trust (NYSEARCA:PHYS) Shares Acquired by Avidian Wealth Solutions LLC

Avidian Wealth Solutions LLC boosted its position in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 12.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,197 shares of the exchange traded fund’s stock after purchasing an additional 5,900 shares during the period. Avidian Wealth Solutions LLC’s holdings in Sprott Physical Gold Trust were worth $938,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in PHYS. St. Johns Investment Management Company LLC purchased a new position in shares of Sprott Physical Gold Trust in the 1st quarter valued at about $104,000. Howard Financial Services LTD. acquired a new stake in shares of Sprott Physical Gold Trust during the 1st quarter valued at approximately $175,000. Ndwm LLC lifted its position in shares of Sprott Physical Gold Trust by 34.7% during the 1st quarter. Ndwm LLC now owns 19,065 shares of the exchange traded fund’s stock valued at $330,000 after acquiring an additional 4,911 shares during the period. Larson Financial Group LLC boosted its stake in shares of Sprott Physical Gold Trust by 28.5% during the 1st quarter. Larson Financial Group LLC now owns 19,885 shares of the exchange traded fund’s stock worth $344,000 after acquiring an additional 4,410 shares in the last quarter. Finally, Clarity Financial LLC acquired a new stake in shares of Sprott Physical Gold Trust in the 1st quarter worth approximately $353,000.

Sprott Physical Gold Trust Stock Performance

NYSEARCA PHYS traded up $0.05 during mid-day trading on Wednesday, hitting $18.43. The stock had a trading volume of 871,394 shares, compared to its average volume of 1,961,253. The company has a 50 day simple moving average of $18.19 and a 200 day simple moving average of $17.12. Sprott Physical Gold Trust has a 52-week low of $14.00 and a 52-week high of $18.93.

Sprott Physical Gold Trust 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.