Dakota Wealth Management Grows Holdings in Sprott Physical Gold Trust $PHYS

Dakota Wealth Management raised its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 36.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 200,628 shares of the exchange traded fund’s stock after purchasing an additional 53,411 shares during the quarter. Dakota Wealth Management’s holdings in Sprott Physical Gold Trust were worth $6,625,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. World Investment Advisors lifted its holdings in Sprott Physical Gold Trust by 36.4% during the 3rd quarter. World Investment Advisors now owns 192,058 shares of the exchange traded fund’s stock valued at $5,689,000 after buying an additional 51,243 shares in the last quarter. D.A. Davidson & CO. bought a new position in Sprott Physical Gold Trust in the 3rd quarter worth about $883,000. Concurrent Investment Advisors LLC increased its position in shares of Sprott Physical Gold Trust by 129.2% during the third quarter. Concurrent Investment Advisors LLC now owns 50,432 shares of the exchange traded fund’s stock worth $1,494,000 after acquiring an additional 28,428 shares during the period. CWM LLC increased its position in shares of Sprott Physical Gold Trust by 64.0% during the third quarter. CWM LLC now owns 70,078 shares of the exchange traded fund’s stock worth $2,076,000 after acquiring an additional 27,355 shares during the period. Finally, Beacon Pointe Advisors LLC raised its stake in shares of Sprott Physical Gold Trust by 7.8% during the second quarter. Beacon Pointe Advisors LLC now owns 597,781 shares of the exchange traded fund’s stock valued at $15,154,000 after acquiring an additional 43,296 shares in the last quarter.

Sprott Physical Gold Trust Trading Up 3.3%

Shares of NYSEARCA PHYS opened at $34.11 on Friday. The stock has a 50 day moving average price of $37.61 and a 200 day moving average price of $33.62. Sprott Physical Gold Trust has a 52-week low of $22.72 and a 52-week 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.