Nations Financial Group Inc. IA ADV Buys New Position in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Nations Financial Group Inc. IA ADV bought a new stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 118,012 shares of the exchange traded fund’s stock, valued at approximately $2,405,000.

Other institutional investors have also recently made changes to their positions in the company. Beam Wealth Advisors Inc. bought a new position in shares of Sprott Physical Gold Trust during the 3rd quarter valued at about $396,000. Sigma Planning Corp boosted its stake in Sprott Physical Gold Trust by 1.1% in the third quarter. Sigma Planning Corp now owns 62,790 shares of the exchange traded fund’s stock worth $1,280,000 after buying an additional 712 shares in the last quarter. Oxbow Advisors LLC boosted its stake in Sprott Physical Gold Trust by 15.5% in the third quarter. Oxbow Advisors LLC now owns 23,008 shares of the exchange traded fund’s stock worth $469,000 after buying an additional 3,080 shares in the last quarter. Tompkins Financial Corp grew its position in Sprott Physical Gold Trust by 1.6% during the third quarter. Tompkins Financial Corp now owns 43,700 shares of the exchange traded fund’s stock valued at $891,000 after acquiring an additional 700 shares during the last quarter. Finally, SpiderRock Advisors LLC purchased a new position in shares of Sprott Physical Gold Trust during the third quarter worth approximately $668,000.

Sprott Physical Gold Trust Stock Down 2.9 %

Shares of Sprott Physical Gold Trust stock opened at $20.14 on Tuesday. Sprott Physical Gold Trust has a 52-week low of $15.09 and a 52-week high of $21.70. The company has a fifty day moving average of $20.54 and a 200-day moving average of $19.23.

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.