Pasadena Private Wealth LLC Buys 46,914 Shares of Sprott Physical Gold Trust (NYSEARCA:PHYS)

Pasadena Private Wealth LLC increased its stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 23.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 247,408 shares of the exchange traded fund’s stock after acquiring an additional 46,914 shares during the period. Sprott Physical Gold Trust makes up about 1.0% of Pasadena Private Wealth LLC’s investment portfolio, making the stock its 22nd biggest holding. Pasadena Private Wealth LLC’s holdings in Sprott Physical Gold Trust were worth $4,983,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new stake in shares of Sprott Physical Gold Trust in the third quarter valued at $28,000. St. Johns Investment Management Company LLC purchased a new stake in Sprott Physical Gold Trust in the 3rd quarter worth about $51,000. Missouri Trust & Investment Co lifted its stake in Sprott Physical Gold Trust by 160.9% in the third quarter. Missouri Trust & Investment Co now owns 2,609 shares of the exchange traded fund’s stock worth $53,000 after purchasing an additional 1,609 shares during the last quarter. First Horizon Advisors Inc. purchased a new position in shares of Sprott Physical Gold Trust during the third quarter valued at approximately $54,000. Finally, Salomon & Ludwin LLC purchased a new stake in shares of Sprott Physical Gold Trust in the fourth quarter worth approximately $65,000.

Sprott Physical Gold Trust Stock Up 1.3 %

Shares of Sprott Physical Gold Trust stock opened at $22.62 on Wednesday. The stock’s fifty day moving average is $21.03 and its two-hundred day moving average is $20.48. Sprott Physical Gold Trust has a 52 week low of $15.55 and a 52 week high of $22.71.

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.