Cyndeo Wealth Partners LLC Acquires 76,565 Shares of Sprott Physical Gold Trust $PHYS

Cyndeo Wealth Partners LLC grew its holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 13.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 659,619 shares of the exchange traded fund’s stock after buying an additional 76,565 shares during the period. Sprott Physical Gold Trust accounts for about 0.9% of Cyndeo Wealth Partners LLC’s portfolio, making the stock its 25th biggest holding. Cyndeo Wealth Partners LLC owned approximately 0.14% of Sprott Physical Gold Trust worth $20,626,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sequoia Financial Advisors LLC raised its position in shares of Sprott Physical Gold Trust by 1.1% during the second quarter. Sequoia Financial Advisors LLC now owns 28,865 shares of the exchange traded fund’s stock worth $871,000 after acquiring an additional 319 shares during the last quarter. Summit Financial Strategies Inc. lifted its position in shares of Sprott Physical Gold Trust by 5.3% in the 1st quarter. Summit Financial Strategies Inc. now owns 6,602 shares of the exchange traded fund’s stock worth $234,000 after purchasing an additional 330 shares during the period. Community Financial Services Group LLC lifted its position in shares of Sprott Physical Gold Trust by 8.0% in the 2nd quarter. Community Financial Services Group LLC now owns 5,420 shares of the exchange traded fund’s stock worth $165,000 after purchasing an additional 400 shares during the period. Wealthspire Retirement LLC lifted its position in shares of Sprott Physical Gold Trust by 7.1% in the 1st quarter. Wealthspire Retirement LLC now owns 7,034 shares of the exchange traded fund’s stock worth $249,000 after purchasing an additional 464 shares during the period. Finally, Nvest Financial LLC boosted its stake in shares of Sprott Physical Gold Trust by 2.2% in the 1st quarter. Nvest Financial LLC now owns 24,240 shares of the exchange traded fund’s stock valued at $859,000 after purchasing an additional 523 shares during the last quarter.

Sprott Physical Gold Trust Stock Performance

Shares of Sprott Physical Gold Trust stock traded down $0.02 on Friday, hitting $31.50. The company had a trading volume of 2,378,304 shares, compared to its average volume of 5,249,710. Sprott Physical Gold Trust has a 1 year low of $29.30 and a 1 year high of $42.07. The stock has a 50 day moving average of $32.78 and a 200-day moving average of $33.02.

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.