Raymond James Financial Inc. Makes New Investment in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Raymond James Financial Inc. acquired a new position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 2,216,048 shares of the exchange traded fund’s stock, valued at approximately $44,631,000.

A number of other institutional investors also recently modified their holdings of the business. Straight Path Wealth Management boosted its position in shares of Sprott Physical Gold Trust by 1.5% in the third quarter. Straight Path Wealth Management now owns 34,950 shares of the exchange traded fund’s stock valued at $712,000 after acquiring an additional 500 shares during the period. Wealth Alliance Advisory Group LLC boosted its position in shares of Sprott Physical Gold Trust by 4.3% in the fourth quarter. Wealth Alliance Advisory Group LLC now owns 12,089 shares of the exchange traded fund’s stock valued at $243,000 after acquiring an additional 500 shares during the period. J.W. Cole Advisors Inc. boosted its position in shares of Sprott Physical Gold Trust by 1.2% in the fourth quarter. J.W. Cole Advisors Inc. now owns 42,131 shares of the exchange traded fund’s stock valued at $849,000 after acquiring an additional 519 shares during the period. Islay Capital Management LLC boosted its position in shares of Sprott Physical Gold Trust by 1.4% in the third quarter. Islay Capital Management LLC now owns 41,161 shares of the exchange traded fund’s stock valued at $839,000 after acquiring an additional 550 shares during the period. Finally, Nwam LLC boosted its position in shares of Sprott Physical Gold Trust by 0.9% in the fourth quarter. Nwam LLC now owns 62,364 shares of the exchange traded fund’s stock valued at $1,256,000 after acquiring an additional 557 shares during the period.

Sprott Physical Gold Trust Price Performance

Shares of Sprott Physical Gold Trust stock opened at $22.64 on Wednesday. The firm has a 50-day moving average of $21.73 and a 200-day moving average of $20.84. Sprott Physical Gold Trust has a 52-week low of $16.66 and a 52-week high of $22.91.

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.