Concurrent Investment Advisors LLC Has $3.10 Million Stock Holdings in Sprott Physical Gold Trust $PHYS

Concurrent Investment Advisors LLC increased its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 86.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 93,875 shares of the exchange traded fund’s stock after purchasing an additional 43,443 shares during the period. Concurrent Investment Advisors LLC’s holdings in Sprott Physical Gold Trust were worth $3,100,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in PHYS. Financial Management Professionals Inc. bought a new position in shares of Sprott Physical Gold Trust during the 4th quarter worth approximately $36,000. Eastern Bank bought a new stake in shares of Sprott Physical Gold Trust in the 4th quarter valued at $47,000. Strategic Advocates LLC acquired a new position in shares of Sprott Physical Gold Trust during the 3rd quarter valued at $51,000. Flagship Harbor Advisors LLC acquired a new position in shares of Sprott Physical Gold Trust during the 4th quarter valued at $72,000. Finally, Franklin Resources Inc. bought a new position in Sprott Physical Gold Trust during the third quarter worth $74,000.

Sprott Physical Gold Trust Stock Performance

NYSEARCA:PHYS opened at $35.46 on Tuesday. The firm has a fifty day simple moving average of $36.84 and a two-hundred day simple moving average of $34.69. Sprott Physical Gold Trust has a 12 month low of $24.07 and a 12 month 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.