Synergy Asset Management LLC Acquires Shares of 4,731 Sprott Physical Gold Trust (NYSEARCA:PHYS)

Synergy Asset Management LLC bought a new position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 4,731 shares of the exchange traded fund’s stock, valued at approximately $96,000.

Other institutional investors have also made changes to their positions in the company. AdvisorNet Financial Inc boosted its position in Sprott Physical Gold Trust by 7,000.0% during the fourth quarter. AdvisorNet Financial Inc now owns 3,550 shares of the exchange traded fund’s stock worth $71,000 after purchasing an additional 3,500 shares during the period. Concourse Financial Group Securities Inc. lifted its stake in shares of Sprott Physical Gold Trust by 9.8% during the 3rd quarter. Concourse Financial Group Securities Inc. now owns 6,893 shares of the exchange traded fund’s stock worth $140,000 after buying an additional 615 shares during the last quarter. Raymond James & Associates boosted its holdings in shares of Sprott Physical Gold Trust by 73.3% during the 3rd quarter. Raymond James & Associates now owns 1,602,282 shares of the exchange traded fund’s stock worth $32,655,000 after buying an additional 677,623 shares during the period. International Assets Investment Management LLC grew its stake in Sprott Physical Gold Trust by 2,471.9% in the 3rd quarter. International Assets Investment Management LLC now owns 2,859,518 shares of the exchange traded fund’s stock valued at $58,277,000 after buying an additional 2,748,335 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Sprott Physical Gold Trust by 74.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 395,289 shares of the exchange traded fund’s stock valued at $8,056,000 after acquiring an additional 168,288 shares during the period.

Sprott Physical Gold Trust Stock Performance

Shares of NYSEARCA:PHYS opened at $21.56 on Friday. Sprott Physical Gold Trust has a 12-month low of $15.31 and a 12-month high of $21.70. The business has a 50 day moving average of $20.54 and a 200-day moving average of $20.13.

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.