Pasadena Private Wealth LLC Acquires 46,914 Shares of Sprott Physical Gold Trust (NYSEARCA:PHYS)

Pasadena Private Wealth LLC boosted its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 23.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 247,408 shares of the exchange traded fund’s stock after purchasing an additional 46,914 shares during the quarter. Sprott Physical Gold Trust comprises 1.0% of Pasadena Private Wealth LLC’s portfolio, making the stock its 22nd biggest holding. Pasadena Private Wealth LLC owned 0.06% of Sprott Physical Gold Trust worth $4,983,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in PHYS. 3EDGE Asset Management LP bought a new position in shares of Sprott Physical Gold Trust during the 4th quarter valued at about $9,566,000. Atria Wealth Solutions Inc. boosted its stake in Sprott Physical Gold Trust by 24.2% during the fourth quarter. Atria Wealth Solutions Inc. now owns 512,342 shares of the exchange traded fund’s stock valued at $10,319,000 after buying an additional 99,936 shares during the last quarter. Truist Financial Corp increased its stake in Sprott Physical Gold Trust by 7.2% in the 4th quarter. Truist Financial Corp now owns 90,924 shares of the exchange traded fund’s stock worth $1,831,000 after acquiring an additional 6,122 shares during the last quarter. J.W. Cole Advisors Inc. increased its stake in Sprott Physical Gold Trust by 1.2% in the 4th quarter. J.W. Cole Advisors Inc. now owns 42,131 shares of the exchange traded fund’s stock worth $849,000 after acquiring an additional 519 shares during the last quarter. Finally, Mountain Lake Investment Management LLC raised its holdings in shares of Sprott Physical Gold Trust by 3.0% during the 4th quarter. Mountain Lake Investment Management LLC now owns 376,000 shares of the exchange traded fund’s stock worth $7,570,000 after acquiring an additional 11,000 shares in the last quarter.

Sprott Physical Gold Trust Price Performance

PHYS stock opened at $22.62 on Wednesday. The firm has a fifty day moving average price of $21.03 and a 200 day moving average price of $20.48. Sprott Physical Gold Trust has a fifty-two week low of $15.55 and a fifty-two week high of $22.71.

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.