Raymond James Financial Inc. Buys New Shares in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Raymond James Financial Inc. bought a new stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,216,048 shares of the exchange traded fund’s stock, valued at approximately $44,631,000. Raymond James Financial Inc. owned approximately 0.56% of Sprott Physical Gold Trust at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Straight Path Wealth Management grew its stake in shares of Sprott Physical Gold Trust by 1.5% in the third quarter. Straight Path Wealth Management now owns 34,950 shares of the exchange traded fund’s stock valued at $712,000 after buying an additional 500 shares in the last quarter. Wealth Alliance Advisory Group LLC grew its stake in shares of Sprott Physical Gold Trust by 4.3% in the fourth quarter. Wealth Alliance Advisory Group LLC now owns 12,089 shares of the exchange traded fund’s stock valued at $243,000 after buying an additional 500 shares in the last quarter. J.W. Cole Advisors Inc. boosted its position in Sprott Physical Gold Trust by 1.2% during the fourth quarter. J.W. Cole Advisors Inc. now owns 42,131 shares of the exchange traded fund’s stock worth $849,000 after purchasing an additional 519 shares during the period. Islay Capital Management LLC boosted its position in Sprott Physical Gold Trust by 1.4% during the third 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 period. Finally, Nwam LLC boosted its position in Sprott Physical Gold Trust by 0.9% during the fourth quarter. Nwam LLC now owns 62,364 shares of the exchange traded fund’s stock worth $1,256,000 after purchasing an additional 557 shares during the period.

Sprott Physical Gold Trust Stock Up 0.7 %

PHYS stock opened at $22.64 on Wednesday. The company has a fifty day moving average price of $21.73 and a two-hundred day moving average price of $20.84. Sprott Physical Gold Trust has a one year low of $16.66 and a one year high of $22.91.

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.