Entruity Wealth LLC Invests $3.17 Million in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Entruity Wealth LLC acquired a new position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 157,363 shares of the exchange traded fund’s stock, valued at approximately $3,169,000. Sprott Physical Gold Trust accounts for approximately 3.1% of Entruity Wealth LLC’s investment portfolio, making the stock its 13th largest position.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Pekin Hardy Strauss Inc. grew its stake in shares of Sprott Physical Gold Trust by 3.6% in the fourth quarter. Pekin Hardy Strauss Inc. now owns 4,196,788 shares of the exchange traded fund’s stock valued at $84,523,000 after buying an additional 144,824 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Sprott Physical Gold Trust in the 4th quarter valued at about $44,631,000. Sprott Inc. increased its stake in Sprott Physical Gold Trust by 14.9% during the fourth quarter. Sprott Inc. now owns 2,087,486 shares of the exchange traded fund’s stock worth $42,043,000 after purchasing an additional 270,064 shares during the period. IMC Chicago LLC increased its stake in Sprott Physical Gold Trust by 5,078.7% during the fourth quarter. IMC Chicago LLC now owns 2,025,763 shares of the exchange traded fund’s stock worth $40,799,000 after purchasing an additional 1,986,646 shares during the period. Finally, Matauro LLC acquired a new stake in shares of Sprott Physical Gold Trust during the fourth quarter worth about $40,017,000.

Sprott Physical Gold Trust Stock Performance

Shares of PHYS stock opened at $24.82 on Friday. Sprott Physical Gold Trust has a fifty-two week low of $17.64 and a fifty-two week high of $24.89. The company has a 50 day moving average price of $23.03 and a 200 day moving average price of $21.48.

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.