180 Wealth Advisors LLC Acquires New Stake in Sprott Physical Gold Trust $PHYS

180 Wealth Advisors LLC acquired a new stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,355 shares of the exchange traded fund’s stock, valued at approximately $540,000.

Other institutional investors also recently added to or reduced their stakes in the company. Manchester Capital Management LLC purchased a new position in Sprott Physical Gold Trust in the second quarter worth $25,000. Transce3nd LLC boosted its position in shares of Sprott Physical Gold Trust by 129.5% during the 2nd quarter. Transce3nd LLC now owns 1,515 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 855 shares in the last quarter. Strategic Advocates LLC acquired a new stake in shares of Sprott Physical Gold Trust in the third quarter valued at about $51,000. Franklin Resources Inc. purchased a new stake in Sprott Physical Gold Trust during the third quarter worth about $74,000. Finally, Smartleaf Asset Management LLC boosted its holdings in Sprott Physical Gold Trust by 80.1% during the second quarter. Smartleaf Asset Management LLC now owns 3,937 shares of the exchange traded fund’s stock worth $98,000 after buying an additional 1,751 shares in the last quarter.

Sprott Physical Gold Trust Stock Performance

Shares of PHYS opened at $33.24 on Wednesday. Sprott Physical Gold Trust has a twelve month low of $22.72 and a twelve month high of $42.07. The firm’s 50-day moving average is $37.69 and its two-hundred day moving average is $33.57.

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.