Larson Financial Group LLC Purchases 79,491 Shares of Sprott Physical Gold Trust (NYSEARCA:PHYS)

Larson Financial Group LLC increased its position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 435.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 97,743 shares of the exchange traded fund’s stock after buying an additional 79,491 shares during the period. Larson Financial Group LLC’s holdings in Sprott Physical Gold Trust were worth $1,992,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of PHYS. Banque Cantonale Vaudoise acquired a new stake in Sprott Physical Gold Trust in the second quarter worth $36,000. Sunbelt Securities Inc. acquired a new stake in Sprott Physical Gold Trust in the second quarter worth $51,000. St. Johns Investment Management Company LLC acquired a new stake in Sprott Physical Gold Trust in the third quarter worth $51,000. Missouri Trust & Investment Co grew its holdings in Sprott Physical Gold Trust by 160.9% in the third quarter. Missouri Trust & Investment Co now owns 2,609 shares of the exchange traded fund’s stock worth $53,000 after purchasing an additional 1,609 shares during the period. Finally, First Horizon Advisors Inc. acquired a new stake in Sprott Physical Gold Trust in the third quarter worth $54,000.

Sprott Physical Gold Trust Price Performance

NYSEARCA:PHYS opened at $20.84 on Monday. The firm has a 50-day moving average of $20.64 and a 200-day moving average of $19.37. Sprott Physical Gold Trust has a one year low of $15.31 and a one year high of $21.70.

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.