Cyndeo Wealth Partners LLC Raises Stock Position in Sprott Physical Gold Trust $PHYS

Cyndeo Wealth Partners LLC increased its position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 4.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 696,431 shares of the exchange traded fund’s stock after acquiring an additional 28,702 shares during the quarter. Sprott Physical Gold Trust comprises 1.2% of Cyndeo Wealth Partners LLC’s holdings, making the stock its 14th biggest position. Cyndeo Wealth Partners LLC owned 0.14% of Sprott Physical Gold Trust worth $22,996,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PHYS. World Investment Advisors increased its position in shares of Sprott Physical Gold Trust by 36.4% during the third quarter. World Investment Advisors now owns 192,058 shares of the exchange traded fund’s stock worth $5,689,000 after purchasing an additional 51,243 shares in the last quarter. D.A. Davidson & CO. purchased a new stake in shares of Sprott Physical Gold Trust during the 3rd quarter valued at $883,000. Concurrent Investment Advisors LLC boosted its position in shares of Sprott Physical Gold Trust by 129.2% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 50,432 shares of the exchange traded fund’s stock worth $1,494,000 after purchasing an additional 28,428 shares in the last quarter. CWM LLC grew its stake in Sprott Physical Gold Trust by 64.0% during the 3rd quarter. CWM LLC now owns 70,078 shares of the exchange traded fund’s stock worth $2,076,000 after buying an additional 27,355 shares during the last quarter. Finally, Beacon Pointe Advisors LLC grew its stake in Sprott Physical Gold Trust by 7.8% during the 2nd quarter. Beacon Pointe Advisors LLC now owns 597,781 shares of the exchange traded fund’s stock worth $15,154,000 after buying an additional 43,296 shares during the last quarter.

Sprott Physical Gold Trust Stock Down 3.4%

Shares of NYSEARCA:PHYS opened at $33.85 on Friday. The business’s 50-day moving average is $37.76 and its 200 day moving average is $33.45. Sprott Physical Gold Trust has a 1 year low of $22.72 and a 1 year high of $42.07.

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.