Tradition Wealth Management LLC Buys Shares of 10,870 Sprott Physical Gold Trust (NYSEARCA:PHYS)

Tradition Wealth Management LLC purchased a new position in Sprott Physical Gold Trust (NYSEARCA:PHYS) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,870 shares of the exchange traded fund’s stock, valued at approximately $222,000.

Several other institutional investors have also made changes to their positions in PHYS. International Assets Investment Management LLC grew its stake in Sprott Physical Gold Trust by 2,471.9% in the third quarter. International Assets Investment Management LLC now owns 2,859,518 shares of the exchange traded fund’s stock valued at $58,277,000 after purchasing an additional 2,748,335 shares in the last quarter. Raymond James & Associates raised its holdings in Sprott Physical Gold Trust by 73.3% during the third quarter. Raymond James & Associates now owns 1,602,282 shares of the exchange traded fund’s stock valued at $32,655,000 after buying an additional 677,623 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Sprott Physical Gold Trust in the second quarter worth about $9,884,000. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Sprott Physical Gold Trust by 29.6% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 2,271,370 shares of the exchange traded fund’s stock worth $41,021,000 after acquiring an additional 518,649 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Sprott Physical Gold Trust by 28.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,615,548 shares of the exchange traded fund’s stock valued at $29,177,000 after acquiring an additional 361,514 shares during the last quarter.

Sprott Physical Gold Trust Stock Performance

PHYS opened at $20.26 on Tuesday. The business has a 50 day moving average price of $20.66 and a 200 day moving average price of $19.44. Sprott Physical Gold Trust has a twelve month low of $15.31 and a twelve month high of $21.70.

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.