Sprott Physical Gold Trust (NYSEARCA:PHYS) Shares Bought by New Harbor Financial Group LLC

New Harbor Financial Group LLC raised its position in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 164.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 71,717 shares of the exchange traded fund’s stock after acquiring an additional 44,592 shares during the period. Sprott Physical Gold Trust makes up approximately 0.4% of New Harbor Financial Group LLC’s holdings, making the stock its 21st biggest holding. New Harbor Financial Group LLC’s holdings in Sprott Physical Gold Trust were worth $1,462,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of PHYS. Brookstone Capital Management boosted its stake in Sprott Physical Gold Trust by 2.7% in the first quarter. Brookstone Capital Management now owns 126,629 shares of the exchange traded fund’s stock valued at $2,191,000 after acquiring an additional 3,298 shares in the last quarter. St. Johns Investment Management Company LLC acquired a new stake in shares of Sprott Physical Gold Trust during the first quarter worth $104,000. Clarity Financial LLC acquired a new stake in shares of Sprott Physical Gold Trust during the first quarter worth $353,000. Howard Financial Services LTD. acquired a new stake in shares of Sprott Physical Gold Trust during the first quarter worth $175,000. Finally, Sandy Cove Advisors LLC lifted its stake in shares of Sprott Physical Gold Trust by 27.9% during the first quarter. Sandy Cove Advisors LLC now owns 30,567 shares of the exchange traded fund’s stock worth $529,000 after buying an additional 6,667 shares during the period.

Sprott Physical Gold Trust Trading Up 0.5 %

Shares of NYSEARCA:PHYS traded up $0.11 on Thursday, hitting $20.89. 739,974 shares of the company were exchanged, compared to its average volume of 2,022,799. Sprott Physical Gold Trust has a 1-year low of $15.01 and a 1-year high of $20.95. The stock’s 50 day moving average price is $19.90 and its 200 day moving average price is $18.84.

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.