BCS Wealth Management Raises Stock Holdings in Sprott Physical Gold Trust $PHYS

BCS Wealth Management lifted its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 99.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 55,738 shares of the exchange traded fund’s stock after acquiring an additional 27,744 shares during the quarter. BCS Wealth Management’s holdings in Sprott Physical Gold Trust were worth $1,840,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. 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 valued at $5,689,000 after acquiring an additional 51,243 shares during the last quarter. D.A. Davidson & CO. purchased a new stake in shares of Sprott Physical Gold Trust during the third quarter valued at approximately $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 valued at $1,494,000 after acquiring an additional 28,428 shares during the last quarter. Enclave Advisors LLC purchased a new stake in shares of Sprott Physical Gold Trust during the fourth quarter valued at approximately $3,022,000. Finally, CWM LLC increased its position in Sprott Physical Gold Trust by 64.0% in the third 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.

Sprott Physical Gold Trust Price Performance

NYSEARCA:PHYS opened at $36.73 on Wednesday. The business has a fifty day simple moving average of $37.12 and a two-hundred day simple moving average of $34.31. Sprott Physical Gold Trust has a 1 year low of $24.07 and a 1 year high of $42.07.

Sprott Physical Gold Trust Company 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. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.