McIlrath & Eck LLC Buys New Shares in Sprott Physical Gold Trust $PHYS

McIlrath & Eck LLC bought a new position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 137,968 shares of the exchange traded fund’s stock, valued at approximately $4,890,000.

Several other large investors also recently bought and sold shares of the stock. AQR Capital Management LLC purchased a new position in shares of Sprott Physical Gold Trust in the 1st quarter valued at about $260,000. Focus Partners Wealth purchased a new stake in shares of Sprott Physical Gold Trust during the first quarter worth approximately $200,000. Cerity Partners LLC raised its holdings in Sprott Physical Gold Trust by 14.0% in the second quarter. Cerity Partners LLC now owns 77,964 shares of the exchange traded fund’s stock valued at $1,976,000 after acquiring an additional 9,585 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Sprott Physical Gold Trust by 43.6% in the second quarter. NewEdge Advisors LLC now owns 91,329 shares of the exchange traded fund’s stock valued at $2,315,000 after acquiring an additional 27,724 shares in the last quarter. Finally, Darwin Wealth Management LLC acquired a new stake in Sprott Physical Gold Trust in the second quarter valued at approximately $489,000.

Sprott Physical Gold Trust Trading Up 1.7%

Shares of Sprott Physical Gold Trust stock opened at $31.09 on Friday. Sprott Physical Gold Trust has a 52-week low of $25.15 and a 52-week high of $42.07. The company has a 50 day moving average of $31.63 and a 200 day moving average of $34.85.

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.