Harbour Wealth Management Group Inc. Acquires Shares of 394,729 Sprott Physical Gold Trust $PHYS

Harbour Wealth Management Group Inc. bought a new position in Sprott Physical Gold Trust (NYSEARCA:PHYS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 394,729 shares of the exchange traded fund’s stock, valued at approximately $13,034,000. Sprott Physical Gold Trust comprises about 10.2% of Harbour Wealth Management Group Inc.’s portfolio, making the stock its 2nd largest position.

A number of other large investors also recently modified their holdings of PHYS. Axxcess Wealth Management LLC bought a new position in Sprott Physical Gold Trust in the 4th quarter worth approximately $490,000. Corient Private Wealth LLC boosted its position in Sprott Physical Gold Trust by 18.4% in the 4th quarter. Corient Private Wealth LLC now owns 198,648 shares of the exchange traded fund’s stock valued at $6,559,000 after buying an additional 30,906 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its position in Sprott Physical Gold Trust by 1.3% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 130,098 shares of the exchange traded fund’s stock valued at $4,296,000 after buying an additional 1,690 shares during the last quarter. Wealthspire Retirement LLC acquired a new stake in shares of Sprott Physical Gold Trust in the 4th quarter valued at $217,000. Finally, Vident Advisory LLC increased its stake in shares of Sprott Physical Gold Trust by 7.3% in the 4th quarter. Vident Advisory LLC now owns 363,846 shares of the exchange traded fund’s stock valued at $12,014,000 after buying an additional 24,747 shares during the period.

Sprott Physical Gold Trust Stock Down 0.4%

Shares of PHYS opened at $31.82 on Friday. Sprott Physical Gold Trust has a 12-month low of $24.86 and a 12-month high of $42.07. The stock’s fifty day simple moving average is $34.49 and its 200-day simple moving average is $35.38.

Sprott Physical Gold Trust 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. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.