Connective Portfolio Management LLC Has $2.81 Million Stock Position in Sprott Physical Gold Trust $PHYS

Connective Portfolio Management LLC raised its stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 30.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 85,000 shares of the exchange traded fund’s stock after buying an additional 20,000 shares during the period. Sprott Physical Gold Trust comprises 5.1% of Connective Portfolio Management LLC’s holdings, making the stock its 5th biggest holding. Connective Portfolio Management LLC’s holdings in Sprott Physical Gold Trust were worth $2,807,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. AQR Capital Management LLC bought a new stake in shares of Sprott Physical Gold Trust during the first quarter valued at approximately $260,000. Focus Partners Wealth bought a new position in Sprott Physical Gold Trust in the first quarter worth approximately $200,000. MAI Capital Management grew its stake in Sprott Physical Gold Trust by 16.0% in the second quarter. MAI Capital Management now owns 15,409 shares of the exchange traded fund’s stock worth $391,000 after purchasing an additional 2,130 shares in the last quarter. CreativeOne Wealth LLC increased its holdings in Sprott Physical Gold Trust by 58.5% during the 2nd quarter. CreativeOne Wealth LLC now owns 110,481 shares of the exchange traded fund’s stock worth $2,801,000 after purchasing an additional 40,777 shares during the period. Finally, Laurel Wealth Advisors LLC increased its holdings in Sprott Physical Gold Trust by 2,435.1% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 11,180 shares of the exchange traded fund’s stock worth $283,000 after purchasing an additional 10,739 shares during the period.

Sprott Physical Gold Trust Stock Up 3.2%

Shares of NYSEARCA PHYS opened at $34.29 on Thursday. Sprott Physical Gold Trust has a twelve month low of $22.72 and a twelve month high of $42.07. The business has a fifty day simple moving average of $37.67 and a two-hundred day simple moving average of $33.58.

Sprott Physical Gold Trust 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.