AdvisorNet Financial Inc Buys 3,500 Shares of Sprott Physical Gold Trust (NYSEARCA:PHYS)

AdvisorNet Financial Inc raised its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 7,000.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,550 shares of the exchange traded fund’s stock after purchasing an additional 3,500 shares during the quarter. AdvisorNet Financial Inc’s holdings in Sprott Physical Gold Trust were worth $71,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in PHYS. Envestnet Asset Management Inc. increased its position in shares of Sprott Physical Gold Trust by 28.8% during the second quarter. Envestnet Asset Management Inc. now owns 1,615,548 shares of the exchange traded fund’s stock valued at $29,177,000 after buying an additional 361,514 shares during the period. Blair William & Co. IL grew its holdings in shares of Sprott Physical Gold Trust by 1.1% during the 2nd quarter. Blair William & Co. IL now owns 265,271 shares of the exchange traded fund’s stock worth $4,791,000 after acquiring an additional 2,800 shares during the period. AE Wealth Management LLC grew its holdings in shares of Sprott Physical Gold Trust by 5.9% during the 2nd quarter. AE Wealth Management LLC now owns 61,370 shares of the exchange traded fund’s stock worth $1,108,000 after acquiring an additional 3,426 shares during the period. Bank of Montreal Can raised its position in shares of Sprott Physical Gold Trust by 9.6% in the 2nd quarter. Bank of Montreal Can now owns 749,512 shares of the exchange traded fund’s stock worth $13,746,000 after acquiring an additional 65,546 shares in the last quarter. Finally, Insigneo Advisory Services LLC purchased a new position in shares of Sprott Physical Gold Trust in the 2nd quarter valued at approximately $644,000.

Sprott Physical Gold Trust Stock Down 0.4 %

Shares of PHYS stock opened at $20.87 on Friday. The business’s fifty day moving average is $20.32 and its 200 day moving average is $19.97. Sprott Physical Gold Trust has a twelve month low of $15.31 and a twelve month high of $21.70.

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.