Sprott Physical Gold Trust $PHYS Shares Purchased by BIP Wealth LLC

BIP Wealth LLC boosted its holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 335.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 491,350 shares of the exchange traded fund’s stock after buying an additional 378,445 shares during the quarter. BIP Wealth LLC owned 0.10% of Sprott Physical Gold Trust worth $16,224,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Eastern Bank acquired a new position in Sprott Physical Gold Trust in the fourth quarter worth approximately $47,000. Transce3nd LLC grew its position in Sprott Physical Gold Trust by 129.5% in the second quarter. Transce3nd LLC now owns 1,515 shares of the exchange traded fund’s stock worth $38,000 after buying an additional 855 shares during the last quarter. Strategic Advocates LLC acquired a new position in Sprott Physical Gold Trust in the third quarter worth approximately $51,000. Flagship Harbor Advisors LLC acquired a new position in Sprott Physical Gold Trust in the fourth quarter worth approximately $72,000. Finally, Franklin Resources Inc. purchased a new position in Sprott Physical Gold Trust during the 3rd quarter worth approximately $74,000.

Sprott Physical Gold Trust Trading Up 1.0%

NYSEARCA PHYS opened at $35.58 on Wednesday. Sprott Physical Gold Trust has a twelve month low of $22.92 and a twelve month high of $42.07. The firm’s 50 day moving average price is $37.32 and its two-hundred day moving average price is $34.05.

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.