World Investment Advisors Has $3.57 Million Position in Sprott Physical Gold Trust $PHYS

World Investment Advisors boosted its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 44.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 140,815 shares of the exchange traded fund’s stock after buying an additional 43,480 shares during the quarter. World Investment Advisors’ holdings in Sprott Physical Gold Trust were worth $3,570,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PHYS. Sequoia Financial Advisors LLC lifted its holdings in Sprott Physical Gold Trust by 4.2% during the 1st quarter. Sequoia Financial Advisors LLC now owns 13,259 shares of the exchange traded fund’s stock worth $319,000 after buying an additional 535 shares during the period. Sumitomo Mitsui Trust Group Inc. acquired a new position in Sprott Physical Gold Trust during the 1st quarter worth about $273,000. Mather Group LLC. lifted its holdings in Sprott Physical Gold Trust by 550.6% during the 1st quarter. Mather Group LLC. now owns 10,449 shares of the exchange traded fund’s stock worth $251,000 after buying an additional 8,843 shares during the period. Cidel Asset Management Inc. acquired a new position in Sprott Physical Gold Trust during the 1st quarter worth about $215,000. Finally, First Horizon Advisors Inc. acquired a new position in Sprott Physical Gold Trust during the 1st quarter worth about $43,000.

Sprott Physical Gold Trust Stock Up 2.1%

Shares of PHYS opened at $30.43 on Friday. Sprott Physical Gold Trust has a 12 month low of $19.63 and a 12 month high of $33.31. The stock’s 50-day moving average price is $29.12 and its two-hundred day moving average price is $26.75.

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.