1620 Investment Advisors Inc. Makes New Investment in Sprott Physical Gold Trust (NYSEARCA:PHYS)

1620 Investment Advisors Inc. purchased a new stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,069 shares of the exchange traded fund’s stock, valued at approximately $55,000.

A number of other institutional investors and hedge funds have also modified their holdings of PHYS. Ndwm LLC raised its holdings in Sprott Physical Gold Trust by 34.7% in the 1st quarter. Ndwm LLC now owns 19,065 shares of the exchange traded fund’s stock valued at $330,000 after acquiring an additional 4,911 shares in the last quarter. Private Advisor Group LLC lifted its position in Sprott Physical Gold Trust by 88.8% in the first quarter. Private Advisor Group LLC now owns 777,048 shares of the exchange traded fund’s stock worth $13,443,000 after purchasing an additional 365,371 shares during the period. Headlands Technologies LLC acquired a new stake in Sprott Physical Gold Trust during the first quarter worth $281,000. Cetera Investment Advisers increased its holdings in Sprott Physical Gold Trust by 791.8% in the 1st quarter. Cetera Investment Advisers now owns 1,091,188 shares of the exchange traded fund’s stock valued at $18,878,000 after buying an additional 968,835 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Sprott Physical Gold Trust by 39.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 273,465 shares of the exchange traded fund’s stock valued at $4,939,000 after buying an additional 77,708 shares in the last quarter.

Sprott Physical Gold Trust Trading Down 1.2 %

Shares of Sprott Physical Gold Trust stock opened at $19.29 on Friday. Sprott Physical Gold Trust has a 12-month low of $14.00 and a 12-month high of $19.63. The company has a 50-day simple moving average of $18.62 and a 200 day simple moving average of $17.78.

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.