Valued Retirements Inc. Makes New Investment in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Valued Retirements Inc. bought a new position in Sprott Physical Gold Trust (NYSEARCA:PHYS) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 35,581 shares of the exchange traded fund’s stock, valued at approximately $725,000. Sprott Physical Gold Trust comprises about 1.0% of Valued Retirements Inc.’s investment portfolio, making the stock its 25th largest holding.

Several other hedge funds also recently bought and sold shares of the company. Straight Path Wealth Management increased its position in Sprott Physical Gold Trust by 1.5% in the 3rd quarter. Straight Path Wealth Management now owns 34,950 shares of the exchange traded fund’s stock worth $712,000 after purchasing an additional 500 shares during the last quarter. Islay Capital Management LLC increased its position in Sprott Physical Gold Trust by 1.4% in the 3rd quarter. Islay Capital Management LLC now owns 41,161 shares of the exchange traded fund’s stock worth $839,000 after purchasing an additional 550 shares during the last quarter. Concourse Financial Group Securities Inc. increased its position in Sprott Physical Gold Trust by 9.8% in the 3rd quarter. Concourse Financial Group Securities Inc. now owns 6,893 shares of the exchange traded fund’s stock worth $140,000 after purchasing an additional 615 shares during the last quarter. Tompkins Financial Corp increased its position in Sprott Physical Gold Trust by 1.6% in the 3rd quarter. Tompkins Financial Corp now owns 43,700 shares of the exchange traded fund’s stock worth $891,000 after purchasing an additional 700 shares during the last quarter. Finally, BSW Wealth Partners increased its holdings in shares of Sprott Physical Gold Trust by 3.1% during the 3rd quarter. BSW Wealth Partners now owns 23,327 shares of the exchange traded fund’s stock valued at $475,000 after acquiring an additional 703 shares during the last quarter.

Sprott Physical Gold Trust Price Performance

Shares of NYSEARCA PHYS opened at $20.46 on Tuesday. The business’s 50-day simple moving average is $20.63 and its 200-day simple moving average is $19.51. Sprott Physical Gold Trust has a 52 week low of $15.31 and a 52 week high of $21.70.

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.