Kiker Wealth Management LLC Acquires New Position in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Kiker Wealth Management LLC acquired a new stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 31,848 shares of the exchange traded fund’s stock, valued at approximately $641,000.

Other hedge funds also recently made changes to their positions in the company. Legacy Investment Solutions LLC bought a new position in shares of Sprott Physical Gold Trust during the 3rd quarter valued at approximately $28,000. Jones Financial Companies Lllp bought a new position in Sprott Physical Gold Trust in the 4th quarter worth approximately $39,000. Smartleaf Asset Management LLC bought a new position in Sprott Physical Gold Trust in the 4th quarter worth approximately $40,000. Smithfield Trust Co bought a new position in Sprott Physical Gold Trust in the 4th quarter worth approximately $50,000. Finally, Creative Financial Designs Inc. ADV bought a new position in Sprott Physical Gold Trust in the 4th quarter worth approximately $50,000.

Sprott Physical Gold Trust Stock Performance

PHYS stock opened at $23.56 on Friday. Sprott Physical Gold Trust has a 1-year low of $16.74 and a 1-year high of $23.61. The business has a 50 day simple moving average of $22.14 and a two-hundred day simple moving average of $21.01.

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.