3EDGE Asset Management LP Takes $31.65 Million Position in Sprott Physical Gold Trust $PHYS

3EDGE Asset Management LP purchased a new stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) during the 4th quarter, Holdings Channel reports. The fund purchased 953,100 shares of the exchange traded fund’s stock, valued at approximately $31,652,000. Sprott Physical Gold Trust makes up 1.6% of 3EDGE Asset Management LP’s holdings, making the stock its 19th biggest position.

A number of other institutional investors also recently bought and sold shares of PHYS. Enclave Advisors LLC bought a new stake in Sprott Physical Gold Trust in the fourth quarter worth about $3,022,000. BCS Wealth Management grew its stake in shares of Sprott Physical Gold Trust by 99.1% during the fourth quarter. BCS Wealth Management now owns 55,738 shares of the exchange traded fund’s stock valued at $1,840,000 after buying an additional 27,744 shares during the last quarter. Cyndeo Wealth Partners LLC raised its holdings in shares of Sprott Physical Gold Trust by 4.3% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 696,431 shares of the exchange traded fund’s stock worth $22,996,000 after buying an additional 28,702 shares during the period. Dakota Wealth Management lifted its stake in shares of Sprott Physical Gold Trust by 21.5% during the 3rd quarter. Dakota Wealth Management now owns 147,217 shares of the exchange traded fund’s stock worth $4,361,000 after acquiring an additional 26,060 shares during the last quarter. Finally, 180 Wealth Advisors LLC bought a new stake in shares of Sprott Physical Gold Trust during the 4th quarter worth approximately $540,000.

Sprott Physical Gold Trust Stock Performance

PHYS opened at $33.90 on Wednesday. The business has a fifty day moving average of $35.74 and a 200 day moving average of $35.06. Sprott Physical Gold Trust has a 52-week low of $24.64 and a 52-week high of $42.07.

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